Best of
Best Options Trading Brokers and Platforms of July 2019
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on E-Trade's website
on E-Trade's website
Fees
$6.95
per trade
Account Minimum
$500
Promotion
Up to $600
cash credit with a qualifying deposit
Pros
- Easy-to-use tools.
- Large investment selection.
- Excellent customer support.
- Access to extensive research.
- Advanced mobile app.
- Reduced commissions for frequent traders.
Cons
- Higher commissions for low-volume traders.
- Minimum balance requirement for active trading platform.
on Ally Invest's website
on Ally Invest's website
Fees
$4.95
per trade
Account Minimum
$0
Promotion
Up to $3,500
in cash bonus with a qualifying deposit
Pros
- Low commissions.
- No account minimum.
- Strong web-based platform.
- Robust research and tools.
Cons
- No no-transaction-fee mutual funds.
- No branches.
on TD Ameritrade's website
on TD Ameritrade's website
Fees
$6.95
per trade
Account Minimum
$0
Promotion
60
days of commission-free trades with qualifying deposit
Pros
- Large investment selection.
- Free research.
- High-quality trading platforms.
- No account minimum.
- Good customer support.
Cons
- Higher trade commission.
- Costly broker-assisted trades.
- High short-term ETF trading fee.
on Zacks Trade's website
on Zacks Trade's website
Fees
$0.01
per share
Account Minimum
$2,500
Promotion
$1
minimum trade cost
Pros
- Ample research offerings.
- Robust trading platform.
- Access to international exchanges.
Cons
- Trails Interactive Brokers on commissions.
on Interactive Brokers's website
on Interactive Brokers's website
Fees
$0.01
per share
Account Minimum
$0
Promotion
None
No promotion available at this time
Pros
- Low commissions.
- Quality trading platform.
- Advanced tools.
- Low margin rates.
- Wide investment selection.
Cons
- Inactivity fees.
- Complex pricing.
- Minimal educational resources.
Fees
$5.00
per trade
Account Minimum
$500
Promotion
None
No promotion available at this time
Pros
- High-quality trading platforms.
- Comprehensive research.
- Low commissions.
- Advanced tools.
- Active trader community.
Cons
- No commission-free ETFs.
- Minimum balance requirement for active trading platform.
Fees
$4.95
per trade
Account Minimum
$0
Promotion
$100
cash bonus with a qualifying deposit
Pros
- No inactivity fees.
- Two platforms with no minimum or fees.
- Above-average mobile app.
- Extensive research.
- Strong customer support.
Cons
- Higher trade commissions.
Fees
$0
per trade
Account Minimum
$0
Promotion
None
no promotion available at this time
Pros
- No commissions on stock trades.
- No account minimum.
- Streamlined interface.
Cons
- No retirement accounts.
- No mutual funds or bonds.
- Limited customer support.
Fees
$3.00
per trade
Account Minimum
$500
Promotion
None
no promotion available at this time
Pros
- Deep discount commissions.
- Low margin rates.
- Can serve international investors.
Cons
- Very basic trading platform.
- Limited data and research.
Summary of Best Options Trading Brokers and Platforms of July 2019
| Broker | Commissions | Promotion | Account Minimum | Learn More |
|---|---|---|---|---|
E-Trade on E-Trade's website | $6.95 per trade | Up to $600 cash credit with a qualifying deposit | $500 | on E-Trade's website |
Ally Invest on Ally Invest's website | $4.95 per trade | Up to $3,500 in cash bonus with a qualifying deposit | $0 | on Ally Invest's website |
TD Ameritrade on TD Ameritrade's website | $6.95 per trade | 60 days of commission-free trades with qualifying deposit | $0 | on TD Ameritrade's website |
Zacks Trade on Zacks Trade's website | $0.01 per share | $1 minimum trade cost | $2,500 | on Zacks Trade's website |
Interactive Brokers on Interactive Brokers's website | $0.01 per share | None No promotion available at this time | $0 | on Interactive Brokers's website |
 TradeStation | $5.00 per trade | None No promotion available at this time | $500 | Read review |
 Schwab Brokerage | $4.95 per trade | $100 cash bonus with a qualifying deposit | $0 | Read review |
 Robinhood | $0 per trade | None no promotion available at this time | $0 | Read review |
 eOption | $3.00 per trade | None no promotion available at this time | $500 | Read review |
| Broker | Commissions | Promotion | Account Minimum | Learn More |
|---|---|---|---|---|
E-Trade on E-Trade's website | $6.95 per trade | Up to $600 cash credit with a qualifying deposit | $500 | on E-Trade's website |
Ally Invest on Ally Invest's website | $4.95 per trade | Up to $3,500 in cash bonus with a qualifying deposit | $0 | on Ally Invest's website |
TD Ameritrade on TD Ameritrade's website | $6.95 per trade | 60 days of commission-free trades with qualifying deposit | $0 | on TD Ameritrade's website |
Zacks Trade on Zacks Trade's website | $0.01 per share | $1 minimum trade cost | $2,500 | on Zacks Trade's website |
Interactive Brokers on Interactive Brokers's website | $0.01 per share | None No promotion available at this time | $0 | on Interactive Brokers's website |
TradeStation | $5.00 per trade | None No promotion available at this time | $500 | Read review |
Schwab Brokerage | $4.95 per trade | $100 cash bonus with a qualifying deposit | $0 | Read review |
Robinhood | $0 per trade | None no promotion available at this time | $0 | Read review |
eOption | $3.00 per trade | None no promotion available at this time | $500 | Read review |
Last updated on June 28, 2019
Methodology
To recap our selections...
