New York (PRWEB) April 11, 2007
Firstrade Securities, the award-winning, online brokerage firm, is expanding its options trading platform to offer investors capabilities for placing spreads and straddles for the same basic charge of $6.95 per trade.
The company also announced plans to enhance its capabilities to extend the trading platform to accommodate even more complex options trading strategies in the future.
Options are extremely versatile securities that can be used in many different ways such as generating income, hedging existing positions, or speculating.
"A growing number of our investors are seeking to execute more advanced options trading in equities and now they can execute them at Firstrade for a lower cost," explains President and Founder John Liu. "This new feature is part of a long term strategy to provide more services for a lower cost. As always, we caution investors to invest according to their appropriate tolerance for risk, and option trading is only appropriate for an experienced investor."
Founded in 1985, Firstrade is a pioneer in online trading and leads the brokerage industry with a combination of low costs and a high level of customer service for the value-driven investment portfolio containing stocks, bonds, mutual funds and options. Firstrade offers stock trades at the highly competitive rate of $6.95 each and is the only online broker that has both Traditional Chinese and Simplified Chinese Language website and customer support.
Firstrade has consistently been recognized among online brokers for its high level of service, varied product offerings and low cost to the investor. For example, in 2006, Kiplinger Personal Finance named Firstrade the "Clear Winner" in the Mutual Funds Category and the "Top Clean-Hands Firm" in the Online Brokerage Industry. Smart Money has named Firstrade "the Best Deal" among online discount brokerages.
For more information, please visit our website at http://www.firstrade.com.