Recommended Options Brokers
We've carefully selected these brokers based on their options trading features, reliability, and suitability for different options trading styles. Each platform offers unique advantages depending on your options trading experience level and strategy preferences.
Broker Overview
TastyTrade
A platform built by traders for traders, with a unique focus on options trading mechanics and probability-based strategies.
ThinkOrSwim (Schwab)
Charles Schwab's professional-grade trading platform with comprehensive charting and research capabilities for serious options traders.
Robinhood
A streamlined commission-free platform that makes options trading accessible to beginners with a focus on mobile-first experience.
Key Features Comparison
Features
- Curve Analysis - Visual setup for options trades with profit/loss zones
- Quick Roll - Roll options to next expiration cycle with a right-click
- Percent of Profit Limit Orders - Choose probabilities over price targets
- Customizable options watchlists and alerts
Features
- 300+ technical indicators and customizable charts
- Powerful options scanners with technical criteria
- Live options price ladder (Active Trader)
- OnDemand tool - Paper trade with historical market data
- thinkScript - Create custom indicators and automated strategies
- Probability analysis tool for implied price moves
Features
- Zero contract fees for stock and ETF options
- Options Strategy Builder for constructing spreads
- Advanced options charts with technical indicators
- Options trading in cash accounts without PDT restrictions
- Index options with reduced fees for Gold members ($0.35 vs $0.50)
- Commission-free trading for most products
Trading Fees Comparison
Fees
| Type | Fee |
|---|---|
| Options Contract | $1.00 per contract to open, $0 to close (Max $10 per leg) |
| Assignment | $5.00 per assignment |
| Exercise | $5.00 per exercise |
| Stocks | Commission-free |
Fees
| Type | Fee |
|---|---|
| Options Contract | $0.65 per contract |
| Assignment | $0.00 |
| Exercise | $0.00 |
| Stocks | Commission-free |
Fees
| Type | Fee |
|---|---|
| Options Contract | $0.00 for stock/ETF options, $0.50 for index options |
| Assignment | $0.00 |
| Exercise | $0.00 |
| Stocks | Commission-free |
| Gold Subscription | $5.00 (includes reduced index options fees, margin, and more) |
Advantages Comparison
Advantages
- Ranked 'Best Overall Options Trading Platform' by Investopedia in 2025
- Unique commission cap of $10 per leg regardless of contract quantity
- Platform designed specifically for active options traders with efficient workflow
- Exceptional tax resources including distribution calendar and extensive tax guide
- Liquidity rating indicator to help find efficient markets with fair prices
Advantages
- Access to over a dozen professional research providers including Morningstar
- 24/7 customer support via phone, email and chat
- OnDemand historical paper trading tool with past market conditions
- High execution quality (97.50% vs industry average of 96.95%)
- No-transaction-fee access to more than 8,000 mutual funds
Advantages
- Only platform offering completely free stock/ETF options trading (no contract fees)
- Robinhood Legend desktop platform with advanced customization and charting
- 24/5 extended hours trading from Sunday 8PM to Friday 8PM
- Industry-leading low margin rates (starting at 4.7% with Gold)
- User-friendly Strategy Builder that visualizes multi-leg strategies
Before choosing an options broker, consider your options trading experience, investment goals, and the specific options features you need. We recommend opening a paper trading account first to practice options strategies and familiarize yourself with the platform before trading with real money. All brokers charge standard regulatory fees that may vary based on your options trading activity.