Top Options Trading Brokers for 2020

We found 10 online brokers that are appropriate for Trading Options Trading.

Best Options Trading Brokers Guide

Options Trading Brokers

Options trading has gained popularity over recent years and investors are looking for the best options trading brokers to help in executing orders.

Before opening an account it is important to understand what kind of investor you are, which tools you will need when trading, what your level of risk is and what your trading style is.

Options are not easy to understand. Similarly, it is not easy to trade. All the options trading brokers allow clients to bring complex positions into a single order. Some even allow one option position in one order.

Options Trading Brokers and Commissions

Commission structure of options trading brokers is complicated when compared to stock trading. Late last year cuts in commissions swept the industry. Many brokers asked for each leg fee along with a commission on each trade. It has also been seen some options trading brokers placed commission caps with certain scenarios.

Options Trading Advantages

Options trading is possible with a lower upfront commitment. Buying an option is cheaper than purchasing shares in most scenarios.

Options can be used to increase yield of portfolios, selling later in part or whole when required.

Options guarantee buying or selling the stock at the price that was agreed earlier. However, it has to be done before the expiry of an option contract.

Options Trading Disadvantages

Things to Consider

Before buying, selling or holding a stock it is important to understand the business of the company inside out. Traders need to be aware of what they are buying.

Many believe options trading is complicated but it can be fruitful with research and there are many opportunities to explore.

Options Trading Verdict

Traders get more strategic leeway compared to simply buy or sell of stocks. Options can also be used to protect or expand the portfolio. It helps with increased returns too on positions and minimizing the risk on investment.

There are pros and cons. The upfront commitment in options trading is comparatively lower and guarantees either buying or selling of stocks later at the current strike price.

Profits can never be guaranteed and so the loss in options trading is magnified. The loss can be more than the contract price.

To get the best return out of investment or to minimize risk to the lowest level, it is suggested to strike a deal with one of the best options trading brokers based on several factors like regulation, popularity, review, trading platform and more related ones.

We've collected thousands of datapoints and written a guide to help you find the best Options Trading Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best options trading brokers below. You can go straight to the broker list here.

Reputable Options Trading Brokers Checklist

There are a number of important factors to consider when picking an online Options Trading trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Options Trading Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Options Trading Brokers of 2020 compared

Here are the top Options Trading Brokers.

Compare Options Trading Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are options trading brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more options trading brokers that accept options trading clients

Broker Trading212 EasyMarkets City Index SpreadEx nadex zackstrade ya-hi worldforex valburycapital tusarfx
Rating
Regulation Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) Financial Conduct Authority (FCA) Unregulated Unregulated Financial Conduct Authority (FCA) Vanuatu Financial Services Commission (VFSC) Financial Conduct Authority (FCA) Center for Regulation of Financial Market Relations (CROFR)
Min Deposit 1 100 25 1 250 2500 100 100 15000 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 14,000,000+ 142,500+ 14,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+ 10,000+
Benefits
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Demo account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Demo account
  • Standard account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Managed account
  • Demo account
  • ECN account
  • Demo account
  • Micro account
  • Standard account
  • ECN account
  • Islamic account
  • Standard account
  • ECN account
  • Demo account
  • Standard account
  • ECN account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web,iPad,mac,Desktop,iPhoneiOS Android,iPhone/iPad,Tablet iOS,OS,Desktop,Android Android Apps,iPhone/iPad,Desktop Desktop, Tablet & Mobile apps,Mac Mac,iPhone,iPad,WEB,MT4
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
trading212
Sign Up with
easymarkets
Sign Up with
cityindex
Sign Up with
spreadex
Sign Up with
nadex
Sign Up with
zackstrade
Sign Up with
yahi
Sign Up with
worldforex
Sign Up with
valburycapital
Sign Up with
tusarfx
Risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Your capital is at risk 74% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk
Demo Trading 212
Demo
easyMarkets
Demo
City Index
Demo
SpreadEx
Demo
nadex
Demo
Zacks Trade
Demo
YaHi
Demo
World Forex
Demo
Valbury Capital
Demo
TusarFX
Demo
Excluded Countries US US US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW US, TR US

All Options trading brokers in more detail

You can compare Options Trading Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Options Trading Brokers for 2020 article further below. You can see it now by clicking here

We have listed top Options trading brokers below.

Options Trading Brokers List

Trading212
(4/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 14000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
City Index
(3/5)
Min deposit : 25
City Index was established in 1983 and is used by over 14000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider City Index offers Forex, CFDs, Spread Betting

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
nadex
(3/5)
Min deposit : 250
nadex was established in 2008 and is used by over 10000+ traders. Your capital is at risk nadex offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web,iPad,mac,Desktop,iPhoneiOS

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
zackstrade
(3/5)
Min deposit : 2500
Zacks Trade was established in 2008 and is used by over 10000+ traders. Your capital is at risk Zacks Trade offers Forex trading, CFD trading, Social trading, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

Android,iPhone/iPad,Tablet

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
ya-hi
(3/5)
Min deposit : 100
YaHi was established in 2008 and is used by over 10000+ traders. Your capital is at risk YaHi offers Forex trading, CFD trading, Spread Betting,

Funding methods

Bank transfer Credit Card Paypal

Platforms

iOS,OS,Desktop,Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
worldforex
(3/5)
Min deposit : 100
World Forex was established in 2008 and is used by over 10000+ traders. Your capital is at risk World Forex offers Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

Android Apps,iPhone/iPad,Desktop

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Vanuatu Financial Services Commission (VFSC)
valburycapital
(3/5)
Min deposit : 15000
Valbury Capital was established in 2008 and is used by over 10000+ traders. Your capital is at risk Valbury Capital offers Forex trading, CFD trading, Share Dealing

Funding methods

Bank transfer Credit Card Paypal

Platforms

Desktop, Tablet & Mobile apps,Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
tusarfx
(3/5)
Min deposit : 100
TusarFX was established in 2008 and is used by over 10000+ traders. Your capital is at risk TusarFX offers Forex trading, CFD trading,

Funding methods

Bank transfer Credit Card Paypal

Platforms

Mac,iPhone,iPad,WEB,MT4

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Center for Regulation of Financial Market Relations (CROFR)