11 Best Options Trading Brokers and Platforms of June 2022
These brokers have the tools and research necessary for options trading, and offer low options contract fees.
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The best options brokers offer low options contract fees, quality trading tools, an abundance of high-quality research and the customer service necessary to support everyone from beginner investors to advanced traders.
While most of the brokers on our list of best brokers for stock trading would be a good pick for options as well, this list highlights brokers that excel in areas that matter most to options traders. Many of the below brokers also appear on our list of best online trading platforms for day trading.
Unsure what you’re looking for? See our post on how to choose an options broker and our options 101 guide for more on what can make or break an options trading experience.
The best options brokers offer low options contract fees, quality trading tools, an abundance of high-quality research and the customer service necessary to support everyone from beginner investors to advanced traders.
While most of the brokers on our list of best brokers for stock trading would be a good pick for options as well, this list highlights brokers that excel in areas that matter most to options traders. Many of the below brokers also appear on our list of best online trading platforms for day trading.
Unsure what you’re looking for? See our post on how to choose an options broker and our options 101 guide for more on what can make or break an options trading experience.
Best Options Trading Brokers and Platforms
Broker | NerdWallet Rating | Fees | Account minimum | Promotion | Learn More |
---|---|---|---|---|---|
![]() Merrill Edge Learn more on Merrill Edge's website | $0 per trade | $0 | Up to $600 when you invest in a new Merrill Edge® Self-Directed account. | Learn more on Merrill Edge's website | |
![]() Fidelity Learn more on Fidelity's website | $0 per trade for online U.S. stocks and ETFs | $0 | Get $100 when you open a new, eligible Fidelity account with $50 or more. Use code FIDELITY100. Limited time offer. Terms apply. | Learn more on Fidelity's website | |
![]() E*TRADE Learn more on E*TRADE's website | $0 per trade | $0 | Get up to $600 or more when you open and fund an E*TRADE account | Learn more on E*TRADE's website | |
![]() Interactive Brokers IBKR Lite Learn more on Interactive Brokers's website | $0 per trade | $0 | None no promotion available at this time | Learn more on Interactive Brokers's website | |
![]() Webull Learn more on Webull's website | $0 per trade | $0 | Get 6 free stocks when you open and fund an account with Webull. Promotion ends 6/9/2022. | Learn more on Webull's website |

on Merrill Edge's website
Merrill Edge

Fees
$0per trade
Account minimum
$0Promotion
Up to $600when you invest in a new Merrill Edge® Self-Directed account.
on Merrill Edge's website

on Fidelity's website
Fidelity

Fees
$0per trade for online U.S. stocks and ETFs
Account minimum
$0Promotion
Get $100when you open a new, eligible Fidelity account with $50 or more. Use code FIDELITY100. Limited time offer. Terms apply.
on Fidelity's website

on E*TRADE's website
E*TRADE

Fees
$0per trade
Account minimum
$0Promotion
Get up to $600 or morewhen you open and fund an E*TRADE account
on E*TRADE's website

on Interactive Brokers's website
Interactive Brokers IBKR Lite

Fees
$0per trade
Account minimum
$0Promotion
Noneno promotion available at this time
on Interactive Brokers's website

on Webull's website
Webull

Fees
$0per trade
Account minimum
$0Promotion
Get 6 free stockswhen you open and fund an account with Webull. Promotion ends 6/9/2022.
on Webull's website

on Ally Invest's website
Ally Invest

Fees
$0per trade (on eligible US securities)
Account minimum
$0Promotion
$100-in cash bonus with qualifying deposit.
on Ally Invest's website

on J.P. Morgan's website
J.P. Morgan Self-Directed Investing

Fees
$0per trade
Account minimum
$0Promotion
Get up to $625when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money
on J.P. Morgan's website

on Robinhood's website
Robinhood

Fees
$0per trade
Account minimum
$0Promotion
1 Free Stockafter linking your bank account (stock value range $2.50-$225)
on Robinhood's website

on TradeStation's website
TradeStation

Fees
$0per trade
Account minimum
$500Promotion
$50-cash credit with a minimum deposit of $5,000.
on TradeStation's website
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Last updated on May 11, 2022
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Methodology
How do we review brokers?
NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, 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. We adhere to strict guidelines for editorial integrity.
We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation 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 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.
For more details about the categories considered when rating brokers and our process, read our full methodology.
To recap our selections...