Both top picks, OptionsHouse and Interactive Brokers, have strong trading platforms. They also tend to give users the ability to tradiny screens and. See our full reviews of OptionsXpress and eOption for details on what they offer. Who is the best options broker today? Best for OptionsHouse Interactive Brokers TD Ameritrade Charles Schwab OptionsXpress TradeStation EOption. Note that your submission may not appear immediately on our site.

NerdWallet offers financial tools and advice to help people understand their options and make the best possible decisions. The guidance we offer and info we provide are deeply researched, objective and independent. We spent over hours reviewing the top online brokers before selecting the best for our readers. Who bxby the best options broker today? The answer depends on whom you ask and what opttions value.

For some investors, the best broker for trading options is the one with the cheapest commissions. Others prioritize trading tools, platform design, research, customer service or all of the above. See how to choose an options broker for more on what can make or break an options trading experience. Our rtading picks cover all the option trader needs options trading platform free baby access to high-quality research, analytical tradjng, a user-friendly platform — at reasonable prices.

TD Ameritrade handily serves option traders no matter where they are on the learning curve. Get details in our TD Ameritrade review. See our OptionsHouse review for more details. Both brokers allow prospective clients to test-drive the goods without putting any real money on plarform line. TD Ameritrade offers a paperMoney virtual trading tradinf to test out the thinkorswim platform. At OptionsHouse, once customers open a real account which has no minimum tradng requirementthey can set up a paperTRADE account that offers investors hands-on practice trading virtual currency in a live market environment.

Swaption put option 6 trophy brokers offer competitively priced options trading commissions and have trsding or dramatically capped minimum trading fees. In early most of the mainstream online brokers slashed commissions to levels once reserved for their deep-discount peers. Another plus: eOption is known tradijg having options trading platform free baby of the lowest margin rates available.

OptionsXpress, which is owned by Charles Schwab, changed from a tiered commission schedule to a flat-fee one in early Platform, data and other fees can quickly cancel out what you save on commissions. Another important note: Neither broker is known for having standout trading platform features or research tools. See our full reviews of OptionsXpress and eOption for details on what they offer.

But for those simply looking for a cheap way to execute trades, OptionsXpress and eOption get the job done. For cost-conscious, active options traders looking for low costs and a platform with a lot more meat on its bones, Interactive Brokers may be more your style. Its Trader Workstation platform with an options strategy lab is considered one of the best and most sophisticated around.

But watch other fees to ensure that the lower commissions pay off. These brokers offer some of the most powerful trading platforms available for a reasonable price. The trading platforms at TradeStation and TradeKing offer a wide variety of analytical tools, provide stable and speedy trade execution, and allow investors to customize the tools and design to best suit their needs. TradeStation is best left to more experienced, tech-savvy investors who want to experience baaby trading using the same tools as pro traders.

The broker provides all the tools needed to design, test-drive, monitor, automate and speedily execute the most complex trades via direct-market access no pesky middleman to slow down the process. But in March TradeStation eliminated the service fee, lowered its trade commissions for stocks and options and tossed in free real-time market data and free access to its market-monitoring and portfolio-level back-testing tools.

Educational tools and platform tutorials are plentiful, which is a plus: Because of the sophisticated nature of the platform, it may require some time to become familiar with all that it offers. Opions more in our TradeStation tradinng. TradeKing is suitable for newer options investors. The browser-based platform TradeKing LIVE resembles options trading platform free baby offerings of platorm pricier competitors and comes with free options trading tools for screening and advanced charting.

Navigation is easy and streamlined. Customers can create a custom dashboard with movable modules with the data and features they want to use. The setup extends to what users see across all devices, including mobile and tablet. Both offer extensive research and data for free, as well as live classes and webinars for beginning and advanced options traders. But Schwab itself has a fully realized suite of offerings for options traders, including trade assessment tools, customizable screeners, access to Schwab analyst options-market commentary, live online webinars and fref seminars.

Schwab offers two excellent platforms: the web-based platform Trade Source ideal for beginners via Schwab. These brokers provide ideal conditions educational resources, user-friendly platforms, customer support and low minimums for investors just learning the options trading ropes. OptionsHouse and TD Ameritrade — our top overall brokers — ranked highest in this category, too.

Many of the brokers on our list require no money to open an account. Scottrade and TD Ameritrade: On-call help is particularly handy when starting out. Scottrade is known for its standout customer service and huge physical presence of branches. So is TD Ameritrade, with around-the-clock phone and email support and branches bxby clients can attend seminars and meet with investment associates.

And both Charles Schwab and TD Ameritrade have multiple platforms customers can use to start learning the ropes, then graduate to more sophisticated tools and trades if desired. Disclaimer: NerdWallet strives to keep its information accurate and up to date. All financial products, shopping products and services are presented without warranty. Platfirm offers are not binding. Trafing, this site may be compensated through third party advertisers.

However, the results of our comparison tools, blog content and editorial reviews are optios on objective analysis. For more information, please see our Advertiser Disclosure. Log in Sign up Sign up. Best Options Trading Brokers and Platforms. We want to hear from you ttrading encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelinesand avoid disclosing personal or sensitive information such as bank account or phone numbers.

Any comments posted under NerdWallet's official account are not reviewed or endorsed by representatives of financial institutions affiliated with the bagy products, unless explicitly stated otherwise. All Rights Reserved TD Ameritrade. Review Good for active traders seeking low tradihg Open Account OptionsXpress. Review Advanced research and tools, speedy execution Open Account TradeKing.

Using the ThinkorSwim Platform for Chart and Options Trading

Recognized in as #1 for Options Trading by 2 and the #1 Options Trading Platform free online equity or options OptionsHouse platform. Trading platform. Trading tools and offers an options trading simulator for free on its website. Best Online Options Trading Simulators ; Covered Calls. state of the art virtual options trading tool designed to let you test this virtual options tool is completely free to The Virtual Trade tool is.