Best Online Trading Platforms for Option Trading

Options trading isn’t just for anyone; it’s got high-risk involved because everything is dependent on fluctuations in the market prices, how much you can afford to pay for the option and whether you should make the call to either sell or buy certain securities at its set price based on future dates — you’ve got to be experienced and knowledgeable about how brokerage systems work or you’ll end up with losses. We’ve compiled some of the best online platforms for Options trading, just read on to find out which is the perfect one for you!

1. TD Ameritrade

Across all the trading platforms, this is the best one overall; it has got a fair pricing system, a very resourceful database for beginners and an efficient trading platform for all veterans and experts alike. It doesn’t matter how experienced you are because you’ll be sure to benefit trading on this platform that provides for all users.

Each contract costs $0.75 cents while the trade is priced at $6.95 each; the good thing is that there is no minimum for your account and the site even offers a promotion of commission-free equity, option trades, and ETF for 60 days with just a deposit of at least $3,000. You’ll also get additional bonuses if you’ve got opening deposits of a larger amount.

2. Robinhood

Even though some expert traders aren’t too pleased with the way Robinhood processes and handle their trades, Robinhood nevertheless stands at the top of the list for having no commission price. Investors get to sell and buy options without having to risk anything above their initial investments — they really mean it when they say that there’s no trading fee.

If you’re looking at Robinhood solely as a platform, it would be a great trading avenue. It’s especially for traders who’ve already read up enough on trading, so beginners won’t find many educational materials here. Aside from that, traders trade with ETFs, stock trades, some cryptocurrencies and American Depository Receipts on both the website and the mobile application — all at zero commission fee.

3. TradeStation

Initially starting up as a software trading company, it grew to become an advanced options trading platform. They’ve got rapid-speed trading and exclusive data suited for professionals, making it the ideal platform for the more experienced group of traders.

You’ll be charged $5 each trade and $0.50 cents each contract, but they’ve also got some unbundled and per-contract prices up for offer; for the more veteran and active traders, a common choice is to opt for the flat-rate pricing of $1 each contact rather than the usual base price and individual contract fee. The tools here are so superb that you can find them being sold at other brokers, so if you’re keen on joining TradeStation as a member, you’re in for a good time.

4. Gatsby

Gatsby is most suited for the retail investors, the traders who are new to options trading, social traders and the millennial bunch — if either of these sounds like you, this might be the platform that best suits your needs. Gatsby is an all-inclusive trading platform that ensures you, as a beginner, would be informed of the most common trade lingo and the most up-to-date trade news — they’re all for making sure you get the resources and expertise you’ll need to optimize your trading strategies. Once you’ve signed up, you can begin trading instantly and earn your passive income when you trade for ETFs and companies — or, you can even trade against companies if that’s what interests you.

5. IQ Option

IQ Option is reputable for being a low-costing brokerage, offering low trade prices at $0.95 each, $0.65 for each contract and no minimum account amount. As of now, depending on the amount you’re willing to deposit, they’ve got a promotion that allows you to earn up to $3,500 bonus cash. This would be quintessential for traders who like to start with low investment amounts; with IQ Option, you can start small while reaping the other benefits of using its powerful online trading platform, informative charts and analytics to help you build your trading strategy — at no minimums and low costs, here’s a great place to begin your investment journey.

6. Interactive Brokers

Should you be a more active trader that prefers small and quick trades, this may be the platform that fits the bill. When you trade at Interactive Brokers, you won’t need to worry about pre-trade fees and every option commission is priced at $0.70 each. The high-volume traders can enjoy the lower pricing of just $0.15 each contract with the qualification criteria of at least 100,000 contracts every month. There’s also the requirement of having a minimum account balance of $100,00 per month or risk incurring a $10 commission fee, if not you’ll need to deal with an activity fee — this definitely isn’t for those with a smaller trade appetite, but if you’re up for a thriving and excitable trading experience, don’t hesitate to give Interactive Brokers a try.

7. Lightspeed

Like Interactive brokers, Lightspeed also caters to the experienced and active trading community. They charge $0 each trade and $0.60 cen

ts per contract with a minimum of $1 per trade. Their tiered pricing system starts at 500 contracts every month; it depends on your trading volume, but the discounted rates can range from $0.50 cents from 500 to 2,000 contracts each month or even go as low as $0.20 cents with 100,000 contracts a month. Not to mention that they’ve also got the most professional trading tools you need, such as analysis tools, an integrated order executor, personalized layouts and older data analytics that you might find useful for predictions — whatever you want, they’ve got it all.

8. ETrade

Last but not least, ETrade is one of the oldest online trading platforms that boasts of a rich trader history. They’ve got a multitude of research tools and data available, even including the ones you’ll need to build your very own advanced trading options chain and ladders. The only downside is that the commissions aren’t the cheapest you’ll find around; the trades and contracts cost $6.95 and $0.75 respectively. However, you will find some discounts available if you would like to trade in high volumes. The Index and Equity options will be as affordable as $4.95 and the contracts will be priced at just $0.50 each. For new accounts that manage to have a balance of $10,000 and more, these users can get an outstanding $600 in free trades plus 60 days of trades that are commission-free — ETrade gives you the epic premium trading experience you never knew you needed.

That’s all we have for the best options trading platforms for 2019, but we promise you won’t be disappointed with any of these. Before you start investing in any of these platforms, ensure to do sufficient additional research just to be sure that you’ve found just the right online trading platform that best suits your needs; options trading may be a high-risk investment but it definitely is worth the effort, all you need is to understand how it all works and you’ll have the relevant expertise to make the right call.

Alternatively, consider investing your money into marketing your own personal business with Undrcut Digital Marketing Agency.


Updated September 13, 2020

At WallStreetSurvivor, we subscribe to dozens stock recommendation and advisory newsletters. There is ONE newsletter that is constantly outperforming all of the others--The Motley Fool Stock Advisor.

ONE of this year's Motley Fool Stock Picks Has Already quadrupled, ONE has tripled, and another TWO Have Already Doubled in just 8 months of of 2020!

We have been tracking ALL of the Motley Fool stock picks since January 2016. That's almost 5 years, 55 months and 110 stock picks. As of Friday, September 11, 2020 the Motley Fool's January 2 stock pick (TSLA) is up 333%, their March 19th pick (ZM) is up 209% in just 6 months, and another two have more than doubled. In addition, 6 of their 2019, 8 of their 2018, 8 of their 2016, 9 of theire 2017 and 13 of their 2016 picks have also doubled. Most impressively, over the last 5 years that we have been tracking every recommendation, their average stock pick is up 135%. That beats the SP500 by an average of 95%. And that's even accounting for all of this COVID mess that has wreaked havoc on most stocks. BUT, the Fool has done so well because they have quickly identified stocks this year that will perform well in the post-COVID world. THAT is how the Fool consistently does so well--they adapt and constantly pick stocks before everyone else realizes the opportunities.

  • CrowdStrike (CRWD) -- June 4, 2020 pick is already up 32%
  • Shopify (SHOP) – April 2, 2020 pick and it is already up 164%
  • Zoom Video (ZM) – March 19, 2020 pick and it is already up 209%
  • DexCom (DXCM) picked Feb 20, 2020 right before the market crashed and it is still up 41%
  • Tesla (TSLA) picked January 2, 2020 before the crash and it is up 333%
  • HubSpot (HUBS) picked December 5, 2019 and it is up 82%
  • Netflix (NFLX) picked November 21, 2019 and it is up 54%
  • Trade Desk (TTD) picked November 11, 2019 and up 117%
  • Zoom Video originally picked Oct 3 and it is up 398%
  • SolarEdge (SEDG) picked September 19, 2019 and it is up 105%

Now no one can guarantee that their next picks will be as strong, but our 5 years of experience has been super-profitable. They also claim that since inception, their average pick is up 529% and now we believe them. You sure don’t want to risk missing out. Many analysts are saying that we have passed the bottom of this COVID crisis and stocks will recover quickly. So make sure you have the best stocks in your portfolio.

Normally the Fool service is priced at $199 per year but they are currently offering it for a NEW SUBSCRIBER DISCOUNT of just $99/year if you click this link

CLICK HERE to get access to all The Motley Fool’s Stock Picks and their next 12 months of picks for just $99 per Year! 



Robinhood was the first brokerage site to NOT charge commissions when they opened in 2013. They just past 10,000,000 accounts and to celebrate they are offering up to $1,000 in free stock when you open a new account.

Here’s the details: You must click on a special promo link to open your new Robinhood account. Then when you fund your account with at least $10, you will receive one stock valued between $5 and $500. Then, you will get a link to share with your friends. Every time one of your friends opens an account, you will receive another free stock valued between $5 and $500. Click here to learn more about this Special Robinhood offer.

Claim your free stock NOW (before it’s too late)

Leave a Reply

Your email address will not be published. Required fields are marked *