Based on our research and analysis, here are some of the best options trading platforms of 2024, along with their pros and cons:
Tastytrade: Best Overall Options Trading Platform
Tastytrade is our top pick for the best overall options trading platform, as it offers competitive options trading commissions, excellent options trading tools, and superb options-focused education and live video content.
Tastytrade charges $1 per contract to open each leg of an options trade, and caps fees at $10 per leg for any options trade, regardless of trade size. A $0.10 per contract clearing fee is also charged. Tastytrade also offers $0 stock trades, and $2.50 per contract for futures and futures options.
Tastytrade provides multiple tools for analyzing and monitoring options trades, such as the Trade page, the Curve page, the Active Trader page, and the Analysis page. These tools allow users to customize and execute options trades, view real-time quotes and probabilities, adjust and roll positions, and access advanced charting and technical indicators.
Tastytrade also has a library of options-specific content and educational material, such as the Learn Center, the Trade Desk, the Tastytrade Network, and the Tastytrade Blog. These resources help users learn the basics and advanced concepts of options trading, watch live shows and podcasts featuring options experts and traders, and get the latest news and insights on the options market.
Tastytrade is designed more for active and experienced options traders, and only offers stocks, ETFs, options, futures, and cryptocurrency trading. It also has a limited investment selection, and a focus on trading and options that results in weak portfolio analytics and a delayed news feed.
TD Ameritrade: Best for Mobile Options Traders
TD Ameritrade is our top choice for the best options trading platform for mobile users, as it offers a powerful and user-friendly mobile app that allows users to trade options on the go.
TD Ameritrade charges $0 per trade for stocks and ETFs, and $0.65 per contract for options. It also offers a wide range of investment products, such as mutual funds, bonds, forex, futures, and options on futures.
