After the takeover of TD Waterhouse I had to look around for an options broker. Gee it was'nt easy, particulary as I generally trade as an option seller. After some dreadful experiences I can recommend Rivkin Broking for option trading
1.Direct line to option desk normally answered within 5 rings (Not 15 mins like some brokers on recorded musac)
2.Friendly efficient staff
3.Cheap rates $38 includes GST per trade.
4.VERY IMPORTANT is cheap brokerage (internet rates) on assignments. (I was paying with other brokers $300 on two NAB assignments!!)
5.Email notification of trades and account details
6.Margin is only the OCH requirement (not OCH+ 50% like some brokers) which is great for written positions
Kindly note I have NO connection with Rivkin Broking and am only providing imformation that (hopefully) may be use to forum members/option traders.
