Options Trading

When you're ready to take on options trading (it's not for beginners), you need an online options broker that will give you access to choices without bogging you down with a site that's hard to navigate or high commissions that will eat into your profits. We've made your search easy with an options broker comparison tool. It's the first step toward trading options.

Compare Options Trading

Robinhood

Options Trading:
- Stocks/ETFs Options: $0 commission, $0 contract fees.
- Index Options: $0.50 per contract ($0.35 for Gold subscribers).

Pros:

Commission-free stock trades
No minimum
Extended trading hours

Cons:

Limited research
No mutual funds & bonds

Our Review: (4.1) Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons... Read full review

Webull

Options Trading: $0

Pros:

No trade fees
Advanced research tools
Extended trading hours
Offers fractional shares

Cons:

Not beginner friendly

Our Review: (4.2) Webull offers $0 trades for stocks, ETFs, and options. But it's not perfect. Find out if Webull fits your investing needs... Read full review

Moomoo

Options Trading: $0 for US Options;
$0.50 per contract for Index Options

Pros:

Commission-free trading
Free paper trading
Access to Hong Kong and A-shares

Cons:

May be overwhelming for beginners
No forex, bonds or mutual funds

Our Review: (4.4) Moomoo can help you invest your money in U.S. and international markets. But will it suit the way you like to trade?... Read full review

OANDA

Options Trading: No

Pros:

$0 minimum
Exceptional customer service
User-friendly platform

Cons:

Only 1:50 leverage
Slow withdrawal processing
Incomprehensive educational videos

Our Review: (4.3) OANDA is one of the leading forex and CFD trading providers. But what does it offer? Read on to discover how OANDA elevates your trading journey... Read full review

Public

Options Trading: $0

Vanguard

Options Trading: $0 + $1-per-contract fee. Discounts available if you have more than $1 million assets invested in Vanguard ETFs and mutual funds

Ally Invest

Options Trading: $0 base + $0.50 per contract

Ally Invest offers some of the lowest fees among online brokerages. It has a wide product variety, a great trading platform, and great research tools. Before you go with Ally, though, find out how Ally Invest works to find out if it's the best discount broker for you... Read full review

TradeStation

Options Trading: $0 Commission + $0.60 per contract

TD Ameritrade

Options Trading: $0.65 per contract

Charles Schwab

Options Trading: $0 + $0.65 per contract

Pros:

Vast selection of commission-free ETFs and mutual funds
2 platforms (one for beginners and one for advanced traders)
24/7 customer service including online chat

Cons:

Commission costs on mutual funds outside of the commission-free funds
Robo-advisor option requires a minimum investment of $5,000

Our Review: (4.2) Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors... Read full review

E*TRADE

Options Trading:
- $0 per trade + $0.65 per contract
- $0 per trade + $0.50 per contract if you make 30+ trades a quarter

Pros:

Expansive set of resources and tools
Easy to use website
Industry leader

Cons:

Trade fees

Our Review: (4.2) E*TRADE is a highly well-known name, but does that mean it is better than its competitors? Read our in-depth review and see how it compares... Read full review

Fidelity

Options Trading: $0.65 per contract

Does Fidelity have a referral bonus? You can refer your friends and family to open a Fidelity account through here . However, there is no referral bonus for you or your friend. If you have a friend who wants to open a Fidelity account, it's better for them to do so with the free trades promotion... Read full review

Merrill Edge

Options Trading: $0 + $0.65 per contract

Acorns

Options Trading: No

Pros:

No minimum to open account
Invest with spare change
Cash-back program

Cons:

Fees are high for small balances
No tax benefits
Limited investment options

Our Review: (4.1) Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit... Read full review

M1 Finance

Options Trading: No

Pros:

Choose your own investments
Can invest in individual stocks
Morning and afternoon trade windows

Cons:

No research
No human advisors
Platform fee

Our Review: (3.9) Is M1 Finance legitimate and safe? Find out the pros, cons, fees, and more. An essential read for beginners interested in M1 Finance... Read full review

Interactive Brokers

Options Trading: $0.15-$0.65 per contract ($1 minimum per order)

Pros:

Large number of investments, including options, futures, and forex
Customize trading platform
Tools and opportunities for research

Cons:

Platform can be too much for a beginner to understand
Complicated pricing structure

Our Review: (4.3) Interactive Brokers offers a robust trading platform that experienced traders favor due to its competitive fee structure and extensive range of trading options... Read full review

Stash

Options Trading: No

Pros:

Guidance for beginners
Automatically save and invest through round-ups and recurring transfers

Cons:

Fees are high for small balances
High ETF expense ratio
Limited research

Our Review: (3.8) Can Stash help make you money? Find out if the investing app is legit and how it compares to apps like Acorns and Robinhood... Read full review

tastytrade

Options Trading: $1 per contract ($10 max per leg)

ZacksTrade

Options Trading: $1 for First Contract + $0.75 per additional

Articles on Options Trading

Put Options

Learn what is a put option. See trading examples and understand when you should consider buying (or selling) put options.

Options Trading

Compare Options Trading

Robinhood

Webull

Moomoo

OANDA

Public

Vanguard

Ally Invest

TradeStation

TD Ameritrade

Charles Schwab

E*TRADE

Fidelity

Merrill Edge

Acorns

M1 Finance

Interactive Brokers

Stash

tastytrade

ZacksTrade

Articles on Options Trading

Put Options

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