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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 Star (4.0) 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 $200)

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: StarStarStarStarHalf 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: StarStarStarStarEmpty 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

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: StarStarStarStarEmpty 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: StarStarStarStarHalf 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

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: StarStarStarStarEmpty 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

Merrill Edge

  • Options Trading: $0 + $0.65 per contract

$100 Bonus Offer

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: StarStarStarStarHalf 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

ZacksTrade

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

Vanguard

  • Options Trading: Less than $500,000: $7 + $1 per contract.
    $500,000+: $2 + $1 per contract
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 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


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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