#OPTION TRADING FREE#

It does have a $0.50 per contract fee, which is cheaper than some alternatives out there. Like most brokerage firms, Ally doesn't charge a commission fee for options trades. Ally Investīest for: Options traders with little money to invest While not the most feature-rich platform, Robinhood offers mobile trades so it's possible to buy and sell options contracts from all your devices. Since there's also no commission, this makes Robinhood the cheapest platform out there for trading options. Unlike most competitors, Robinhood does not charge a contract fee for options trading. Robinhoodīest for: Options traders looking for the most affordable solution

#OPTION TRADING FREE#

E*TRADE also offers feature-rich trading tools, especially in its free Power E*TRADE platform which is beloved among options traders. While this fee makes E*TRADE costlier than some competitors, the brokerage does discount the rate to $0.50 per contract for active investors who make at least 30 options trades per quarter. Options trades are commission-free on E*TRADE although a standard $0.65/contract fee applies.

E*Tradeīest for: Active traders who want a powerful trading platform Research from Credit Suisse and Morningstar also helps traders make informed choices. Its thinkorswim desktop platform offers unparalleled trading tools and its mobile platform allows for even complex options trades on-the-go. While TD Ameritrade isn't the cheapest platform for options traders, it is one of the most full-featured. Best for: Experienced options traders in search of in-depth information

Option trading