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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

    Ally Invest
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    Ally Invest

    • Options Trading: $4.95 base + $0.65 per contract (50 cents per options contract special pricing for high-volume/high-balance traders)

    Pros:

    • Low commission for stock trades
    • No account minimums
    • Online trader network

    Our Review: (4.4) Ally Invest (formerly TradeKing) offers one of the lowest trade fees, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review... Read full review

    Open an Ally Invest account

    Fidelity
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    Fidelity

    • Options Trading: $4.95 per online trade, plus $0.65 per contract

    Pros:
    • Research reports
    • Beginner-friendly tools
    • Mobile app
    Cons:
    • Restricted platform
    Our Review: (4.4) Thinking of opening a brokerage account with Fidelity? There are many reasons to love Fidelity and a few reasons to think about going elsewhere... Read full review

    OptionsHouse
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    OptionsHouse

    • Options Trading: $4.95 + $0.50 per contract (only one base charge per spread, straddle, or combo)

    Pros:
    • Low fees
    • Trading platform
    • Extensive options tools
    Cons:
    • Limited mutual fund selection
    • Limited in-depth research
    • Complicated for novices
    Our Review: (4.3) OptionsHouse is one of the lesser known online brokerages, but we think it deserves attention. Read our in-depth review to see if it's right for you... Read full review

    Open an OptionsHouse account

    OptionsXpress
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    OptionsXpress

    • Options Trading: $4.95 plus $0.65 per contract

    Pros:

    • Awesome interactive website
    • No fee for broker-assisted trades
    • Fantastic visual education resources

    Our Review: (4.2) Want to trade options but don't know where to start? Read our in-depth review to find out why OptionsXpress is one of the best options brokers... Read full review

    Scottrade
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    Scottrade

    • Options Trading: $6.95 + $0.70 per contract

    Pros:
    • Low per trade fees
    • Physical locations
    • Easy-to-navigate website
    Cons:
    • No futures trading
    • High broker-assisted fee
    Our Review: (4.2) With low trade fees, excellent resources, and superior customer service, Scottrade is a highly trusted online broker. Read on for our in-depth review... Read full review

    Open an Account

    E*TRADE
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    E*TRADE

    • Options Trading: $6.95 + $0.75 per contract
      $4.95 + $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's that much better than its competitors? Read our in-depth review and see how it compares... Read full review

    Get 60 Days of Commission-Free Stocks and Options Trade

    TD Ameritrade
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    TD Ameritrade

    • Options Trading: $6.95 + $0.75 per contract

    Pros:
    • Easy to Use
    • Thinkorswim Platform
    • Customer Service
    Cons:
    • Trade Fees
    Our Review: (4.2) Ameritrade fees are higher than competitors, but is it worth it? We say yes and here's why. We analyze and compare it for you in our in-depth review... Read full review

    Get 60 Days of Commission-Free Trading


Articles on Options Trading

    OptionsXpress vs OptionsHouse

    January 23, 2015 - By Ross Frasier - Reviews
    Options trading is not an advanced investment strategy reserved for the most experienced of traders and certain undomesticated canines of Wall Street. When used correctly, options can help add flexibility to an investor's portfolio and offer ...

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CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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