US equity/index/ETF options plus non-US options on Eurex, Euronext, HKEX, OSE, ASX. Probability Lab and Option Strategy Lab built in.
Best brokers for
Options trading
Options traders prioritize per-contract cost (with close-rebate or volume tiers), advanced strategy builders, and approval up to Level 4 (uncovered) trading.
thinkorswim is the analytics gold standard for options: probability cones, risk profile, Spread Hacker, OptionStation-class flows. $0.65/contract pricing.
Power E*TRADE's options analytics, paper trading, and Active Trader $0.50/contract pricing make it competitive with thinkorswim.
$1 to open / $0 to close, $10/leg cap is structurally unique — a 50-contract single-leg trade costs the same $10 as a 10-contract trade. Combined with Curve mode and drag-to-build chain workflow, this is the platform options income strategies were designed for.
Only retail broker that pays you per contract. $0.06–$0.18 rebate (50% of PFOF revenue), with Tier 4 capping at $0.10 on QQQ/SPY/IWM and API trades. Options inside IRAs are supported — rare.
$0 base + $0 per contract is the lowest pricing in retail. Multi-leg builder, options charts/drawings on Legend, and Cortex-augmented chains.
OptionStation Pro for analytics, back-testing, and complex spread construction. $0.50/contract pricing for active tier.
$0 base + $0 per contract on equity/ETF options (small index fee). Paper trading and advanced options builder included.
$0 base + $0 per contract on options. Suitable for high-volume options buyers and sellers.
$0 equity options with no per-leg charge on multi-leg orders, $0.50 index options, plus free Unusual Options Activity scanner, IV Rank/Percentile, 0DTE high-volume feeds, and 13 pre-built strategies. Tied with Robinhood/Webull on pure cost; ahead of Robinhood on analytics depth.
$0 base + $0 per contract is tied for cheapest in retail. Multi-leg defined-risk spreads supported (Level 2). No naked options or iron condors — for those, tastytrade or IBKR.
Rankings reflect our editorial assessment. Visit each broker’s full review for the underlying methodology and freshness date.