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Best options trading platforms and brokers in 2024

Written by
Krisztián G.
Fact checked by
Tamás D.
Updated
2w ago
Dive into our toplist of regulated and trusted brokers that we tested with real money. Every broker is available in the United States.

Find below the strengths of the best options trading platforms available in the United States, updated for 2024:

  1. tastytrade is the best options trading platform in 2024 - Low trading fees. Great educational materials. Good research tools.
  2. Interactive Brokers - Low trading fees and high interest on cash balances. Wide range of products. Many great research tools.
  3. Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
  4. Webull - Free stock/ETF trading and high 5% interest on uninvested cash. Fast and easy account opening. Great trading platforms.
  5. Zacks Trade - Low fees. Extensive stock and ETF selection. Great customer service.
  6. Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
  7. moomoo - Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services. Pays high interest on uninvested cash.
  8. TradeZero - Commission-free stock and ETF trading above a certain volume. Quick and easy account opening. Excellent education and customer support.
  9. Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
  10. TradeStation - Great web and mobile trading platform. High level of investor protection. High-quality research and education tools.
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Top options brokers

Overview of the best options trading platforms

While many options trading platforms offer an excellent service, the ones in our top list go the extra mile.

Broker
Options markets (#)
Minimum deposit
tastytrade
8
$0
Interactive Brokers
34
$0
Fidelity
8
$0
Webull
6
$0
Zacks Trade
34
$0
Charles Schwab
8
$0
moomoo
5
$0
TradeZero
10
$250
Merrill Edge
5
$0
TradeStation
10
$0
Top brokers for options key data compiled for February 2024

Popularity of the best options trading platforms

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Fee comparison of the best brokers for options trading

How much you have to pay for a trade in spreads, commission and other trading costs is a key broker selection criteria. We calculated a benchmark fee for the most important costs when trading options, which you can see in the table below. This is the total of how much you have to pay in commissions and other costs for each asset class.

Broker
US stock index options
UK stock index options
tastytrade
$7.5
-
Interactive Brokers
$6.5
$21.3
Fidelity
$6.5
-
Webull
$5.5
-
Zacks Trade
$7.8
-
Charles Schwab
$6.5
-
moomoo
$5.0
-
TradeZero
$5.9
$5.9
Merrill Edge
$6.5
-
TradeStation
$11.0
-
Fees at the top brokers for options trading in February 2024

If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.

Non-trading fees at the top brokers for options trading

Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

Broker
Account fee
Inactivity fee
tastytrade
Interactive Brokers
Fidelity
Webull
Zacks Trade
Charles Schwab
moomoo
TradeZero
Merrill Edge
TradeStation
Non-trading fees at the top brokers for options trading in February 2024

Recommended for options and futures traders focusing on US markets

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tastytrade snapshot
Minimum deposit $0
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Inactivity fee No
Trading platform score 3.9 stars
Available options markets 8
Read review For a detailed analysis of tastytrade services, check out our review for 2024

Recommended for traders looking for broad market access and a professional trading environment

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Interactive Brokers snapshot
Minimum deposit $0
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Inactivity fee No
Trading platform score 4.1 stars
Available options markets 34
Read review For a detailed analysis of Interactive Brokers services, check out our review for 2024

Recommended for investors and traders looking for solid research and great trading platforms

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Fidelity snapshot
Minimum deposit $0
Deposit method Bank transfer, PayPal, Venmo, Apple Pay
Withdrawal method Bank transfer, PayPal, Venmo, Apple Pay
Withdrawal fee $0
Inactivity fee No
Trading platform score 4.7 stars
Available options markets 8
Read review For a detailed analysis of Fidelity services, check out our review for 2024

Recommended for investors and traders looking for zero-commission trading and easy platforms

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Webull snapshot
Minimum deposit $0
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Inactivity fee No
Trading platform score 5.0 stars
Available options markets 6
Read review For a detailed analysis of Webull services, check out our review for 2024

Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees

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Zacks Trade snapshot
Minimum deposit $0
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Inactivity fee Yes
Trading platform score 3.7 stars
Available options markets 34
Read review For a detailed analysis of Zacks Trade services, check out our review for 2024

Recommended for investors and traders looking for solid research, low fees and great customer service

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Charles Schwab snapshot
Minimum deposit $0
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Inactivity fee No
Trading platform score 4.1 stars
Available options markets 8
Read review For a detailed analysis of Charles Schwab services, check out our review for 2024

Recommended for investors and traders looking for zero-commission trading and focusing on US markets

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moomoo snapshot
Minimum deposit $0
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Inactivity fee No
Trading platform score 4.3 stars
Available options markets 5
Read review For a detailed analysis of moomoo services, check out our review for 2024

Recommended for investors and traders interested in commission-free trading and a focus on US stocks and options

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TradeZero snapshot
Minimum deposit $250
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $50
Inactivity fee No
Trading platform score 4.4 stars
Available options markets 10
Read review For a detailed analysis of TradeZero services, check out our review for 2024

Recommended for investors and traders looking for low fees, quick account opening and simple platforms

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Merrill Edge snapshot
Minimum deposit $0
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $0
Inactivity fee No
Trading platform score 4.5 stars
Available options markets 5
Read review For a detailed analysis of Merrill Edge services, check out our review for 2024

Recommended for traders focusing on US markets and buy-and-hold investing

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TradeStation snapshot
Minimum deposit $0
Deposit method Bank transfer
Withdrawal method Bank transfer
Withdrawal fee $35
Inactivity fee Yes
Trading platform score 3.9 stars
Available options markets 10
Read review For a detailed analysis of TradeStation services, check out our review for 2024

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How did BrokerChooser select the best brokers for options trading?

  • We checked whether the broker has fair options fees,
  • Assessed desktop trading platform and research capabilities,
  • Checked withdrawal fees,
  • Opened an account and tested the platform (charting, features, usability) with real money.


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BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 600 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 60,000 data points overall.

FAQ

Which is the cheapest option trading brokerage?

There is no such thing as the cheapest broker for trading options. There are too many factors that determine the final price of a trade. Brokers such as tastyworks and Interactive Brokers offer competitive trading and non-trading fees but you may be able to find a local broker that has lower charges.

Can you get rich trading options?

Trading options can yield substantial returns on investment if the trade works out. This happens when the underlying asset's price moves significantly beyond the strike price. For this reason, option buyers often have greater profit potential. As with as any investment, options trading carries its own set of risks and is by no means a guarantee to financial success.

What makes a good options trading platform?

When selecting the best options trading platforms in 2024, we ranked brokers along more than 600 criteria. In order not to overwhelm you, here are the four most important criteria we considered.

4 most important criteria for the best options trading platforms in 2024
1. Options and withdrawal fees Options trading fees are obviously important, but withdrawal fees can also hurt your profits if you want to transfer out your money frequently.
2. Markets and products Some brokers offer a huge selection of options to trade, others not so much. Check the product offering before opening an account.
3. Desktop trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort. Good charting and analytical tools are especially important.
4. Research Successful trading requires quality research tools. Make sure you can rely on the data provided by your chosen broker.

Which are the best brokers for trading options?

These are the top brokers for options trading in the world 2024:

  1. tastytrade - Low trading fees. Great educational materials. Good research tools.
  2. Interactive Brokers - Low trading fees and high interest on cash balances. Wide range of products. Many great research tools.
  3. Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
  4. Webull - Free stock/ETF trading and high 5% interest on uninvested cash. Fast and easy account opening. Great trading platforms.
  5. Zacks Trade - Low fees. Extensive stock and ETF selection. Great customer service.
  6. Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
  7. moomoo - Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services. Pays high interest on uninvested cash.
  8. TradeZero - Commission-free stock and ETF trading above a certain volume. Quick and easy account opening. Excellent education and customer support.
  9. Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
  10. TradeStation - Great web and mobile trading platform. High level of investor protection. High-quality research and education tools.

Want to understand options and options trading in more detail?

Check out these articles written by our broker and trading experts:

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Author of this article

Krisztián Gátonyi

Method-Man | Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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