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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

Robinhood

  • Options Trading: $0
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • No IRAs
  • Limited research
  • No mutual funds & bonds

Our Review: StarStarStarStarEmpty StarEmpty Star (3.8) 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

Get a Free Stock (worth between $2.50 and $225)

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
Pros:
  • Large selection of mutual funds and commission-free ETFs
  • Broker assistance is available at no additional cost
  • Easy to use
Cons:
  • Commission structure penalizes frequent traders
  • Customer service wait times
  • Commission costs on non-Vanguard investment options

Our Review: StarStarStarStarEmpty StarEmpty Star (3.9) Vanguard Brokerage may be a full-service broker, but typically long-term investors preferring ETFs and mutual funds see the greatest return on their investment with them... Read full review

Webull

  • Options Trading: $0
Pros:
  • No trade fees
  • Advanced research tools
  • Extended trading hours
Cons:
  • No fractional shares
  • Not beginner friendly

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

Get Started

Ally Invest

  • Options Trading: $0 base + $0.50 per contract
Pros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations

Our Review: StarStarStarStarStarEmpty Star (4.4) Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers... Read full review

Get Up to $3,000

TD Ameritrade

  • Options Trading: $0.65 per contract
Pros:
  • Easy to Use
  • Thinkorswim Platform
  • Customer Service
Cons:
  • Trade Fees

Our Review: StarStarStarStarStarEmpty Star (4.2) TD 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

Commission-Free Trading - Online Stock, ETF and Option Trades

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: StarStarStarStarStarEmpty Star (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

$0 Commissions on Online Stock, ETF, and Options Trades

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: StarStarStarStarStarEmpty Star (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

Learn more about E*TRADE

Fidelity

  • Options Trading: $0 per online trade, plus $0.65 per contract
Pros:
  • Research reports
  • Beginner-friendly tools
  • Mobile app
Cons:
  • Restricted platform

Our Review: StarStarStarStarStarEmpty Star (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

Commission-Free Trading - Online Stock, ETF and Option Trades

Merrill Edge

  • Options Trading: $0 + $0.65 per contract

Acorns

  • Options Trading: No
Pros:
  • No minimum investment
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options

Our Review: StarStarStarStarStarEmpty Star (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

$10 Sign-Up Bonus

M1 Finance

  • Options Trading: No
Pros:
  • Choose your own investments
  • Can invest in individual stocks
  • No account fees
Cons:
  • No research
  • No human advisors
  • Can only trade once a day

Our Review: StarStarStarStarEmpty StarEmpty Star (3.9) M1 Finance lets you invest in stocks and ETFs without fees. But is it safe? Find out the pros and cons, and if it's legit... Read full review

New Customers: Deposit $1,000 and Get $30

Stash

  • Options Trading: No
Pros:
  • $1 to invest
  • Guidance to beginners
  • Automatically invest extra funds
Cons:
  • Fees are high for small balances
  • High ETF expense ratio
  • Limited research

Our Review: StarStarStarStarEmpty StarEmpty Star (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

Sign Up and Get $5

Public.com

  • Options Trading: No
Pros:
  • Commission-free social trading
  • Offers fractional shares
Cons:
  • Limited investment options
  • No access to financial advisors

Our Review: StarStarStarHalf StarEmpty Star (3.5) Do you wish your investment portfolio could reflect the things you care about - like green energy or wellness? Public does just that, commission-free... Read full review

Get a Free Slice of Stock

Bitstamp

  • Options Trading: No

Bitstamp is a cryptocurrency exchange with options for both retail and institutional traders. But is it the right platform for you? Keep reading to find out... Read full review

Buy and Sell Crypto

Bittrex

  • Options Trading: No

Trade Crypto

Coinbase

  • Options Trading: No
Pros:
  • Simple interface for beginners
  • Over 60 supported coins
  • Earn cryptos by learning
  • Coinbase Pro platform has lower fees
Cons:
  • Expensive and complex trading fee structure
  • Only email support

Our Review: StarStarStarStarEmpty StarEmpty Star (3.9) Coinbase is a digital currency exchange where you can buy and sell cryptocurrency. Find out if it's safe, and how it compares to other crypto exchanges... Read full review

Earn $5 in bitcoin for getting started on Coinbase

Hodlnaut

  • Options Trading: No

Hodlnaut lets you earn compound interest on your crypto, but is it safe and legit? Read on to find out... Read full review

Earn Interest on BTC

Interactive Brokers

  • Options Trading: $.15-$.70 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:
  • $10,000 minimum to open an account.
  • Platform can be too much for a beginner to understand
  • Inactivity fees if you don't meet the trade commission requirements.

Our Review: StarStarStarStarStarEmpty Star (4.3) Do you have $10,000 and plenty of trading knowledge? Interactive Brokers may provide you with a solid trading platform. With their competitive fees and robust trading options, they are a common choice for the experienced trader... Read full review

Paybis

  • Options Trading: No
Pros:
  • Simple Interface
  • Quick Credit and Debit Purchase ability
  • Quality Customer Support
Cons:
  • Relatively high fees
  • No extra features

Our Review: StarStarStarStarStarEmpty Star (4.3) Paybis is a cryptocurrency exchange offering the ability to instantly buy Bitcoin with a credit or debit card. But is it worth the price?... Read full review

Buy Bitcoin with Credit Card or Debit Card

ZacksTrade

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

Articles on Options Trading

Iron Condor: How It Works

Iron Condor

Imagine being able to limit your losses while predicting your profits. Sound too good to be true? It's possible with the iron condor. Read on to learn more.
Butterfly Call Spreads: What You Need to Know

Butterfly Spread

Predicting a stock's future can be a profitable investment. It can also lead to tremendous loss. Wouldn't it be nice if you could limit your losses? It may be possible with the butterfly call spread.
Long Call Option

Long Call

You think a stock's price will increase, so you want in on that trade. What if you didn't have to fork over the entire amount of capital? What if you could pay a much smaller premium and still make money?
Calls and Puts: What You Need to Know

Calls and Puts

What is a put and a call option? Learn the basics here. Understand how options help you gain leverage while using less capital.
Put Options: Definition, Calculation & Example

Put Options

Learn what is a put option. See trading examples and understand when you should consider buying (or selling) put options.
Call Options: Definition, Calculation & Example

Call Options

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

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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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