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: (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: (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: (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: (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: (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: (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: (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: (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: (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: (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: (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

Public.com

Options Trading: No

Pros:

Commission-free social trading
Offers fractional shares

Cons:

Limited investment options
No access to financial advisors

Our Review: (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: (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: (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: (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