The Best Options Trading Platforms
Whether you’re new to options trading or are an experienced trader looking for ways to maximize your portfolio returns, the right option trading platform will depend on your goals and needs. When evaluating brokers, look for a user-friendly, stable trading platform with real-time market data and tools like charting, order types, and risk analysis. You also want to consider whether your broker charges a per-contract fee for option trades and what types of customer support are available.
Best Options Trading Platforms for UK Traders
For example, Best Options Trading Platforms is well known for its $0 stock commissions, but the company offers a similar deal on options. However, the app-based broker doesn’t offer as many advanced options trading features. On the other hand, Webull is another mobile-based option trading platform with a low cost structure for option traders. In fact, you can trade options on Webull for just $1 per contract (though there are some minor regulatory fees).
Meanwhile, Charles Schwab stands out for its extensive suite of tools and comprehensive educational resources, making it an excellent choice for beginner and experienced traders alike. The company’s StreetSmart Edge platform is easy to use across devices and provides a great experience for both desktop and mobile users. TD Ameritrade is another top choice for options trading, offering an advanced thinkorswim trading platform and a wide variety of research offerings. Finally, E*TRADE is a great option for cost-conscious investors, though experienced traders may find their offering to be a little limited.