Best-of
Best Brokers for Options Trading
Options traders need reliable platforms, competitive per-contract fees, and good screening and education. We ranked brokers on options support and overall value.
Fidelity Investments
#4Regulated and reliable with good tools for this type of investing.
FAQ
What should options traders look for in a broker?
Look for low per-contract fees, a stable options platform, screening tools, and approval processes that match your experience level.
How are options commissions charged?
Many brokers charge a per-contract fee (e.g. $0.50–0.65 per contract). Some offer volume discounts or capped fees per order.
Do I need approval to trade options?
Yes. Brokers require you to complete an options application and will assign a level (e.g. covered calls only vs. complex strategies) based on experience and risk.