Best Options Trading Platforms for June 2022

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Commissions and fees for options trades can vary wildly even among the best platforms for options trading, and the difference can really add up. Here’s a look at the costs associated with options trading, and how much our best brokers for option trading charge.

Commissions

Most of the best options brokers have eliminated flat-rate commissions for online stock and options trades, and just use a small fee for certain options traded. That means they offer commission free options trading, but charge a fee based on the number of options contracts traded. Thus, it costs more at most options brokers to trade 50 options contracts than it does to trade 10 options contracts.

The most common price point is roughly $0.65 per contract, although this can be between $0 and $1.00, depending on the stock options broker. Based on the typical fee of $0.65, to buy 10 contracts, a trader would pay $6.50 to make the trade ($0.65 × 10 = $6.50). To buy 100 contracts, the same trader would pay $65 in commissions to make the trade.

And to be clear, these are commissions for online options trades. If you conduct a trade by phone, the commission could be even higher.

The table below compares options trading platforms based on the cost to buy or sell 10 options contracts.

Options trading fee comparison for 10 contracts

Commission free options trading used to be a pipe dream for investors, but that’s no longer the case with the best platforms to trade options slashing costs to attract and retain accounts. Here’s an options fee comparison when trading 10 contracts for our top picks.