Best Options Trading Platforms for March 2025
The best options trading platforms must offer robust tools, including comprehensive charting tools, clear profit and loss calculators, good trading execution, excellent analytical and research materials, a good user interface, and much more
Best For Advanced Options Traders and Best For Mobile Options Trading:
Best For Low-Cost Options Trading:
Best Overall
Tastytrade
Account Minimum
$0.00
Fees and Commissions
- $1.00 for options on stocks and ETF
- $2.50 for options on futures contracts
- $0 on stocks and ETFs
- $0 closing commission
- $1.50 for options on micro futures contracts
Charles Schwab
Account Minimum
$0.00
Fees and Commissions
- $1.00 for options on stocks and ETF
- $2.50 for options on futures contracts
- $0 on stocks and ETFs
- $0 closing commission
- $1.50 for options on micro futures contracts
Interactive Brokers
Account Minimum
$0.00
Fees and Commissions
- $1.00 for options on stocks and ETF
- $2.50 for options on futures contracts
- $0 on stocks and ETFs
- $0 closing commission
- $1.50 for options on micro futures contracts
Webull
Account Minimum
$0.00
Fees and Commissions
- $1.00 for options on stocks and ETF
- $2.50 for options on futures contracts
- $0 on stocks and ETFs
- $0 closing commission
- $1.50 for options on micro futures contracts
E*TRADE
Account Minimum
$0.00
Fees and Commissions
- $1.00 for options on stocks and ETF
- $2.50 for options on futures contracts
- $0 on stocks and ETFs
- $0 closing commission
- $1.50 for options on micro futures contracts
Tastytrade
Account Minimum
$0.00
Fees and Commissions
- $1.00 for options on stocks and ETF
- $2.50 for options on futures contracts
- $0 on stocks and ETFs
- $0 closing commission
- $1.50 for options on micro futures contracts
Charles Schwab
Account Minimum
$0.00
Fees and Commissions
- $1.00 for options on stocks and ETF
- $2.50 for options on futures contracts
- $0 on stocks and ETFs
- $0 closing commission
- $1.50 for options on micro futures contracts
Why You Should Trust Us
Investopedia, through hundreds of hours of research, collected data from 26 online brokers. We used a methodology that examined 89 factors that are important to active traders. We used this data to compare and review each brokerage to determine how it ranked in terms of fees, research amenities, trading tools, and other key factors. Investopedia was founded in 1999 and has been helping investors determine which online brokers meet their specific criteria since 2019
How We Picked the Best Options Trading Platforms for February 2025
A top priority for Investopedia is to provide our readers with unbiased, clear, and actionable information. That is why we spent hundreds of hours researching online brokers to find the best platform for options trading. We collected data using a digital survey with 110 questions to 26 online brokerages. Our team of researchers compiled and researched the data. To fill in any gaps, it reached out to the individual brokerages. In some instances, our researchers did much deeper online research to get the information they needed to complete the data collection. This process was conducted between Feb. 19 and March 19, 2024.
Our in-house proprietary model was then used to score and rate each company. In addition, we also took advantage of the live demo accounts provided by some of the brokerage companies in our evaluations. We assessed each company on 11 categories and 89 criteria, determining the best options trading platforms for February 2025
Key Areas of Evaluations
We compared and reviewed each brokerage based on several important criteria, including:
- •Fees and Commissions
- •Research Amenities
- •Trading Tools
- •Customer Support
- •Platform Usability
- •Security Features
- •Mobile Trading Capabilities
- •Educational Resources
- •Investment Options
- •Account Types
- •Promotional Offers
Investopedia was established in 1999 and has been assisting investors in identifying the best online brokers to meet their specific needs since 2019.
How We Picked the Best Options Trading Platforms for February 2025
Our Research Methodology
A primary goal for Investopedia is to deliver unbiased, clear, and actionable information. To this end, we dedicated hundreds of hours to researching online brokers to identify the best platforms for options trading.
Data Collection Process
We collected data using a digital survey consisting of 110 questions directed at 26 online brokerages. Our team of researchers meticulously compiled and analyzed the information. To fill in any gaps, we reached out to individual brokerages for additional insights.
In-Depth Research
In some instances, our researchers conducted deeper online investigations to gather the necessary information to complete our data collection. This thorough process was conducted between February 19 and March 19, 2024
Scoring and Rating
Proprietary Evaluation Model
Our proprietary model was employed to score and rate each brokerage. Investopedia, through hundreds of hours of research, collected data from 26 online brokers. We used a methodology that examined 89 factors that are important to active traders. We used this data to compare and review each brokerage to determine how it ranked in terms of fees, research amenities, trading tools, and other key factors. Investopedia was founded in 1999 and has been helping investors determine which online brokers meet their specific criteria since 2019
Live Demo Accounts
We also took advantage of live demo accounts offered by some brokerage companies in our evaluations. We used this data to compare and review each brokerage to determine how it ranked in terms of fees, research amenities, trading tools, and other key factors. Investopedia was founded in 1999 and has been helping investors determine which online brokers meet their specific criteria since 2019
Categories and Criteria
We assessed each brokerage across 11 categories and 89 criteria, ultimately determining the best options trading platforms for February 2025. We used this data to compare and review each brokerage to determine how it ranked in terms of fees, research amenities, trading tools, and other key factors. Investopedia was founded in 1999 and has been helping investors determine which online brokers meet their specific criteria since 2019
Conclusion
Our rigorous evaluation process ensures that we provide our readers with trustworthy insights into the best options trading platforms, empowering them to make informed decisions
FAQ
What is the basis for Investopedia's trustworthiness?
Investopedia is trusted due to its extensive research process, which involves hundreds of hours of analysis and data collection from 26 online brokers. We evaluate 89 critical factors that are essential for active traders, ensuring that our comparisons are thorough and reliable
How does Investopedia select the best options trading platforms?
Investopedia selects the best options trading platforms through a rigorous process involving hundreds of hours of research, data collection from 26 online brokers, and evaluation of 89 critical factors. Our proprietary model scores and rates each brokerage based on fees, tools, and usability.
What criteria does Investopedia use to evaluate brokerages?
Investopedia evaluates brokerages based on 11 categories and 89 criteria, including fees and commissions, research amenities, trading tools, customer support, platform usability, security features, mobile trading capabilities, educational resources, investment options, account types, and promotional offers.