Forex Brokers Offering Binary Options

BEST OF

11 Best Options Trading Brokers and Platforms of Feb 2022

These brokers have the tools and inquiry necessary for options trading, and offer low options contract fees.

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The best options brokers offer depression options contract fees, quality trading tools, an abundance of high-quality research and the customer service necessary to back up everyone from beginner investors to advanced traders.

The best options brokers offer low options contract fees, quality trading tools, an abundance of high-quality inquiry and the customer service necessary to support everyone from beginner investors to advanced traders.

Best Options Trading Brokers and Platforms

Banker	NerdWallet Rating	Fees	Account Minimum	Promotion	Learn More
Fidelity Learn more on Fidelity'due south website	5.0 /5	$0 per trade for online U.Due south. stocks and ETFs	$0	Get $100 when you open up a new, eligible Fidelity account with $fifty or more. Use code FIDELITY100. Limited time offering. Terms utilize.	Learn more than on Fidelity's website
Merrill Border Learn more on Merrill Edge's website	four.v /5	$0 per trade	$0	Up to $600 when you lot invest in a new Merrill Edge® Self-Directed business relationship.	Learn more than on Merrill Edge'south website
ETRADE Larn more on ETrade's website	iv.five /5	$0 per trade	$0	Get up to $3,500 when you open and fund an E*Merchandise business relationship with lawmaking: REWARD22	Learn more than on E*TRADE's website
Interactive Brokers IBKR Calorie-free Acquire more than on Interactive Brokers's website	5.0 /v	$0 per merchandise	$0	None no promotion available at this fourth dimension	Learn more on Interactive Brokers's website
J.P. Morgan Self-Directed Investing Learn more on J.P. Morgan's website	4.0 /5	$0 per merchandise	$0	Get up to $625 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money	Acquire more on J.P. Morgan'due south website

Fidelity

Fees

per merchandise for online U.South. stocks and ETFs

Promotion

Become $100

when you open a new, eligible Allegiance business relationship with $50 or more than. Use code FIDELITY100. Limited time offer. Terms apply.

Promotion

Get $100

when you open a new, eligible Fidelity account with $50 or more than. Use code FIDELITY100. Express time offering. Terms utilize.

Why we like information technology

Allegiance offers $0 trading commissions, a selection of more than 3,700 no-transaction-fee mutual funds and peak-notch research tools and trading platform. Its zero-fee index funds and potent client service reputation are only icing on the block.

Pros

Committee-complimentary stock, ETF and options trades.
Large option of enquiry providers.
Expense-ratio-free index funds.

Cons

Relatively loftier banker-assisted trade fee.

Read Full Review

Merrill Edge

on Merrill Edge'south website

Merrill Edge

Promotion

Up to $600

when you invest in a new Merrill Edge® Cocky-Directed account.

on Merrill Edge's website

Promotion

Up to $600

when you invest in a new Merrill Edge® Self-Directed account.

Why nosotros like it

Merrill Edge offers high-quality client service, robust inquiry and low fees. Customers of parent visitor Bank of America volition dearest the seamless, thoughtful integration, with a single login to access both accounts.

Pros

Robust third-party research.
Integrated with Banking concern of America.

Cons

Avant-garde traders may observe fewer securities on offer.

Read Total Review

E*TRADE

East*Merchandise

E*TRADE

Promotion

Become up to $3,500

when yous open and fund an E*Merchandise business relationship with lawmaking: REWARD22

Promotion

Get up to $3,500

when you open and fund an E*Merchandise account with code: REWARD22

Why we similar it

Due east*TRADE has long been one of the almost popular online brokers. The visitor'south $0 commissions and potent trading platforms appeal to agile traders, while beginner investors benefit from a large library of educational resources.

Pros

Large investment selection.
Excellent client support.
Access to extensive inquiry.
Commission-free stock, options and ETF trades.

Cons

Website can be difficult to navigate.

Read Full Review

Interactive Brokers IBKR Lite

on Interactive Brokers's website

Interactive Brokers IBKR Lite

Promotion

None

no promotion available at this fourth dimension

on Interactive Brokers'south website

Promotion

None

no promotion available at this time

Why we similar it

Interactive Brokers' IBKR Calorie-free is a strong selection for frequent traders: The banker offers international trade capabilities, no stock-trading commission and a quality trading platform.

Pros

Large investment selection.
Strong research and tools.
Over seven,000 no-transaction-fee mutual funds.
NerdWallet users who sign upwardly for IBKR Pro become a 0.25 per centum point discount on margin rates.

Cons

Website is hard to navigate.

Read Full Review

J.P. Morgan Self-Directed Investing

Promotion

Get up to $625

when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money

Promotion

Get upwards to $625

when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new coin

Why nosotros like it

J.P. Morgan Self-Directed Investing is a articulate-cutting investment platform that is neat for beginners looking to learn how to buy and sell investments. More avant-garde investors, however, may notice it lacking in terms of available assets, tools and research. INVESTMENT PRODUCTS: Non A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

Pros

App connects all Hunt accounts.

Cons

Limited tools and enquiry.
Portfolio Builder tool requires $ii,500 balance.

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Webull

Promotion

Become 3 free stocks

valued upwards to $6300 when you open and fund an account. Promotion ends 2/28/22.

Promotion

Get iii costless stocks

valued upwardly to $6300 when you lot open up and fund an account. Promotion ends 2/28/22.

Why nosotros like information technology

Webull will appeal to the mobile-first generation of coincidental investors with its slick interface for desktop and mobile apps, simply the brokerage too delivers an impressive array of tools for active traders. Still, its relatively weak educational content may leave true beginners in the lurch, and it lacks access to a few common asset classes.

Pros

Access to cryptocurrency.

Cons

Thin educational support.

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Robinhood

Promotion

i Free Stock

after linking your banking company account (stock value range $2.l-$225)

Promotion

one Free Stock

after linking your bank account (stock value range $2.50-$225)

Why we similar it

Robinhood provides free stock, options, ETF and cryptocurrency trades, and its business relationship minimum is $0, likewise. Common funds and bonds aren't offered, and but taxable investment accounts are available. Still, if yous're looking to limit costs or merchandise crypto, Robinhood is a solid choice.

Cons

No mutual funds or bonds.
Limited customer back up.

Read Full Review

TradeStation

on TradeStation's website

TradeStation

Promotion

Get up to $150

when you open up and fund a TradeStation account with lawmaking: TSTVAFYB

on TradeStation's website

Promotion

Get upwards to $150

when y'all open up and fund a TradeStation business relationship with code: TSTVAFYB

Why nosotros like it

TradeStation is a stiff choice for active stock, options and futures investors who rely on the broker'south loftier-octane trading platform, reams of research and sophisticated analytical tools. Trades of up to 10,000 shares are committee-free.

Pros

High-quality trading platforms.
Commission-free stock, ETF and options trades.

Cons

Complimentary trading on advanced platform requires TS Select.
No transaction-fee-free mutual funds.
Plans and pricing can be confusing.

Read Full Review

Desire to compare more options? Here are our other top picks:

Disclosure: The author held no positions in the aforementioned securities at the time of publication.

Terminal updated on Feb 4, 2022

Marcus by Goldman Sachs Online Savings Account

APY

0.50%

With $0 minimum balance

Bonus

$100

Requirements to qualify

at Marcus past Goldman Sachs, Fellow member FDIC

American Limited® High Yield Savings Account

American Express® High Yield Savings Account

APY

0.l%

With $ane minimum balance

at American Express National Depository financial institution, Member FDIC

Discover Bank Online Savings

APY

0.50%

With $0 minimum residual

Bonus

$200

Requirements to qualify

at Observe Bank, Member FDIC

Methodology

How do we review brokers?

NerdWallet's comprehensive review procedure evaluates and ranks the largest U.S. brokers past assets nether direction, along with emerging industry players. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. Nosotros adhere to strict guidelines for editorial integrity.

We collect data direct from providers through detailed questionnaires, and conduct first-hand testing and ascertainment through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists' hands-on research, fuel our proprietary assessment process that scores each provider's performance across more than than xx factors. The final output produces star ratings from poor (one star) to fantabulous (v stars). Ratings are rounded to the nearest half-star.

For more details well-nigh the categories considered when rating brokers and our process, read our full methodology .