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
- Sellers in options trading can be exposed to amplified losses, greater than the contract price.
- Options trading is of short term nature and usually traders seek capitalizing on price movement.
- Some options trading brokers ask for setting up a margin account, something like a line of credit.
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.
- Check your Options Trading broker has a history of at least 2 years.
- Check your Options Trading broker has a reasonable sized customer support of at least 15.
- Does the Options Trading broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Options Trading broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Options Trading broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Options Trading broker can hire people from various locations in the world who can better communicate in your local language.
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.
- Minimum deposit to open an account.
- Available funding methods for the below Options Trading Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
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
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EasyMarkets
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City Index
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SpreadEx
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nadex
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zackstrade
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ya-hi
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worldforex
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valburycapital
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tusarfx
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| 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 |
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| Used By | 14,000,000+ | 142,500+ | 14,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ |
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| 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 |
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| Learn More |
Sign
Up with trading212 |
Sign
Up with easymarkets |
Sign
Up with cityindex |
Sign
Up with spreadex |
Sign
Up with nadex |
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Up with zackstrade |
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Up with yahi |
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Up with worldforex |
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Up with valburycapital |
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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 Table of Contents
- Options Trading Brokers Explained
- 6 Factors to Consider when Choosing Options Trading Brokers
- Are Your Options Trading Brokers Trusted And Established?
- Are The Options Trading Brokers World Leading?
- What are the Options Trading Brokers Commissions and Fees?
- What are the Options Trading Brokers Funding and Withdrawl Methods?
- Find Options Trading Brokers with Round-the-clock support?
- Make sure the Options Trading Brokers Offer Comprehensive Trader resources?
- Why do Options Trading Brokers need to be regulated?
- Options Trading Brokers FAQ
- What are the best Options trading brokers?
- What is the best Options trading broker?
- Related Options Trading Brokers Reviews
- Related Options Trading Brokers Alternatives
- Related Options Trading Brokers Comparisons
Options Trading Brokers Explained
Trading the financial markets with Options Trading Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Options Trading Brokers is the platform that a Options Trading Brokers offer.
Choose Options Trading Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Options Trading Brokers that you can rely on.
6 Factors to Consider when Choosing Options Trading Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Options Trading Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Options Trading broker is Trading 212. Established in 2006, and in operation for 14 years Trading 212 have a head office in UK.
Trading 212 is regulated. This means Trading 212 are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) regulatory bodies.
Another top rated broker is easyMarkets.
easyMarkets was established 2001, and in operation for 18 years easyMarkets have a head office in Cyprus, Australia.
easyMarkets is regulated. This means easyMarkets are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) regulatory bodies.
| Broker |
Trading212
|
EasyMarkets
|
City Index
|
SpreadEx
|
nadex
|
zackstrade
|
| Year Established | 2006 | 2001 | 1983 | 1999 | 2008 | 2008 |
| Head Office | UK | Cyprus, Australia | UK | UK | USA | United States |
| 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 |
| Used By | 14,000,000+ | 142,500+ | 14,000+ | 10,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | No | ||
| Guaranteed Stop Loss | Yes | Yes | Yes | Yes | ||
| Learn More | Visit Trading 212 | Visit easyMarkets | Visit City Index | Visit SpreadEx | Visit nadex | Visit Zacks Trade |
| 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 |
Are The Options Trading Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. Trading 212 Segregates clients funds and offers over 3000 instruments. Trading 212 offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, Trading 212 supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. Trading 212 is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Options Trading Brokers is easyMarkets . easyMarkets Segregates clients funds and offers over 200 instruments.
| Broker |
Trading212
|
EasyMarkets
|
City Index
|
SpreadEx
|
nadex
|
zackstrade
|
| Instruments Available | 3000 | 200 | 12,500 | 15,000 | 272 | 264 |
| 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 |
| 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 | ||
| Forex pairs offered | 177 | 150 | 100 | 55 | ||
| Forex pairs offered | 177 | 150 | 100 | 55 | ||
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | No | No |
| Exotic forex pairs | Yes | Yes | Yes | Yes | No | No |
| Cryptocurrencies | Yes | Yes | Yes | Yes | No | No |
| Commodities Offered | 14 | 12 | 26 | 16 | 0 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | No |
| Energies | Yes | Yes | Yes | Yes | Yes | No |
| Agricultural | Yes | Yes | Yes | Yes | Yes | No |
| Stocks Offered | 1731 | 52 | 4500 | 1000 | ||
| UK Shares | Yes | Yes | Yes | Yes | No | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | No | No |
| Japanese Shares | Yes | Yes | Yes | Yes | No | No |
What are the Options Trading Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Options Trading broker Trading 212 offers competitive offers for Stocks, Forex, Commodities, Indices. Trading 212 minimum deposit is 1.
Another top rated Options Trading broker easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. easyMarkets minimum deposit is 100.
| Broker |
Trading212
|
EasyMarkets
|
City Index
|
SpreadEx
|
nadex
|
zackstrade
|
| Min Deposit | 1 | 100 | 25 | 1 | 250 | 2500 |
| Withdrawl Fees | No | No | Varies | 0, minimum £50 | varies | varies |
| Inactivity Fees | No | No | Yes | No | ||
| Deposit Fees | No | No | Varies | No | ||
| CFD Commission Fees | No | No | 0.0015 | No |
What are the Options Trading Brokers Funding and Withdrawal Methods?
When dealing with Options Trading Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
Trading212
|
EasyMarkets
|
City Index
|
SpreadEx
|
nadex
|
zackstrade
|
| Bank transfer | Yes | Yes | Yes | Yes | No | No |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | No | Yes | No | No | No |
| Skrill | Yes | Yes | No | Yes | Yes | Yes |
| Payoneer | No | No | Yes | Yes | No | No |
| Neteller | No | Yes | No | No | Yes | Yes |
Find Options Trading Brokers with Round-the-clock support?
Customer service is very important when dealing with Options Trading Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Options Trading Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
Trading 212 support a wide range of languages including English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
easyMarkets support a wide range of languages including English, German, Arabic, Chinese, Spanish and Polish
Trading 212 and easyMarkets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
Trading212
|
EasyMarkets
|
City Index
|
SpreadEx
|
nadex
|
zackstrade
|
| Support |
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| Languages | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文 | English, German, Arabic, Chinese, Spanish and Polish | English, Spanish, German, Arabic, Polish, and Chinese | English | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |
| Learn More | Visit Trading 212 | Visit easyMarkets | Visit City Index | Visit SpreadEx | Visit nadex | Visit Zacks Trade |
| 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 |
Make sure the Options Trading Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, Trading 212 and easyMarkets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Options Trading Brokers need to be regulated?
A regulated Options Trading broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Options Trading brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Options Trading Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web,iPad,mac,Desktop,iPhoneiOSCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Android,iPhone/iPad,TabletCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
iOS,OS,Desktop,AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Android Apps,iPhone/iPad,DesktopCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Desktop, Tablet & Mobile apps,MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account