Best Options Trading Platforms In 2025

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Go to broker’s website Plus500 Overview

If you're too busy to read the entire article and want a quick answer, the best options trading broker in 2025 is Plus500. Why? Here are its key advantages:

Is legit in your country (Identified as United States )
Has a good user satisfaction score 6.83 out of 10
Fast processing time
Safe account replenishment and profit withdrawal

Go to broker’s website Plus500 Overview

Below, we'll explain in more detail why we believe this and how brokers were evaluated.

Best options trading brokers:

Plus500 - Best premium client support (personal manager, exclusive analysis, webinars)
Pepperstone - Best for scalping strategies (spread from 0 pips)
OANDA - Best for trading with advanced technical analysis tools (TradingView charts support)
FOREX.com - Diverse range of tradable assets (80+ currency pairs)
Interactive Brokers - Best broker for international investors (assets from 33 countries, 150+ markets)
IG Markets - Favorable Forex trading conditions (0 fees, avg. EUR/USD spread - 0.8)
Pocket Option - Best for Social Trading (top rated service by customers)

Options trading offers investors flexibility and the potential for high returns, but success requires the right tools and platforms. The best options trading brokers provide intuitive interfaces, advanced analysis tools, competitive pricing, and educational resources to support traders of all levels.

Whether you’re a beginner exploring options or an experienced trader seeking advanced features, choosing the right broker is essential. In this guide, we’ll explore the top brokers and platforms to help you optimize your options trading journey.

Best options trading brokers in 2025

Below is a comparison of the best option trading brokers for beginner and expert traders.

Best options trading brokers
	Interest rate	Basic options fee	Min. options fee	Max regulation	Open an account
eOption		$3 plus $0,15	$3	Tier-1	Open an account Via eOption's secure website.
Ally Bank		$0,50	$0,50		Study review
Interactive Brokers	4,83	$0,65	$1,00	Tier-1	Open an account Your capital is at risk.
SoFi Invest	0,01	Zero Fees	Zero Fees	Tier-1	Study review
Fidelity	4,97	$0,65	$0,65	Tier-1	Study review
Webull	5	$0,55	$0,50	Tier-1	Study review
Ninjatrader		Zero Fees	Zero Fees	Tier-1	Study review

Webull Review

Webull is an American broker-dealer headquartered in New York City and is a FINRA (CRD#: 289063/SEC#: 8-69978), SIPC, NYSE, and NASDAQ member. The company was incorporated in May 2017, and in January 2018 it was already registered with the SEC and CFTC. It is part of Webull Financial LLC and is licensed to carry out brokerage activities in all 50 US states. The broker offers a wide range of stock market assets, futures, professional analytics and an intuitive trading platform with a variety of technical and fundamental analysis tools.

DEGIRO Review

DEGIRO is a Dutch investment company operating since 2008. The broker has been providing online services since 2013. Today DEGIRO is headquartered in Amsterdam and has offices in 18 European countries. Its activities are controlled by the Financial Conduct Authority (FCA, 574048), as well as regulators in the Netherlands: Financial Markets Authority (AFM, 12048408) and Central Bank (DNB, R128868). DEGIRO was awarded over 86 international awards: financial publications of Germany, France, Denmark, and the Netherlands have repeatedly recognized the company as the best stock market broker.

eOption Review

Open an account

Via eOption's secure website.

The eOption broker (eoption.com) is an American stockbroker headquartered in Glenview, Illinois. It has been operating since 2007 and is a member of FINRA (CRD#: 7297/SEC#: 8-21765) and SIPC. It specializes in options trading and also acts as an intermediary in trades involving the popular securities classes. The company offers low trading commissions, super-fast execution of orders, and modern platforms with an advanced set of analytical tools. In 2020-2021, eOption was recognized as the best options broker by several resources such as Investopedia, The Tokenist, Benzinga, Investormint, and NerdWallet.

Tips to choose the best broker for options trading

Selecting the right broker for options trading is critical to your success. Here’s a professional guide to making an informed decision:

Fee structure. Choose a broker with low or zero options contract fees, no trading commissions, and competitive margin rates. This keeps trading costs manageable and maximizes your profits.
Trading tools. Ensure the broker offers advanced tools like options chains, calculators, and trading simulators. These resources are essential for analyzing strategies and executing trades effectively.
Research and education. Look for brokers providing robust research and educational materials for all skill levels. Quality resources help you grow as a trader and refine your strategies.
Customer service. Reliable customer support is crucial. Opt for brokers offering prompt assistance through multiple channels like phone, email, and live chat.
Platform and technology. The trading platform should be intuitive, feature-rich, and equipped with real-time data, charting tools, and efficient order execution.
Regulation and safety. Select a broker regulated by respected financial authorities. Regulatory oversight ensures your investments and data are secure.
Reputation and reviews. Research the broker’s reputation through reviews and testimonials. Positive feedback from other traders is a strong indicator of reliability and quality.

Options trading basics – quick brush-up

Options trading involves buying and selling contracts that grant the right — but not the obligation — to buy or sell an underlying asset at a predetermined price within a specified time frame. These contracts offer flexibility and are commonly used for hedging, speculation, or strategic bets on price movements.

Options derive their value from underlying assets, such as stocks, ETFs, futures, or cryptocurrencies, making them a type of derivative. Their value is influenced by market conditions and future price expectations. Actively traded on platforms and brokers, options enable traders to capitalize on market opportunities or manage risk effectively. Understanding their mechanics is key to utilizing them strategically.

How does options trading work?

Options trading involves contracts that grant the right, but not the obligation, to buy or sell an underlying asset at a specific price before a set expiration date. Options trading lets you buy or sell an asset at a specific price before a set date.

Here’s a simple example:

Imagine Apple (AAPL) stock is trading at $150. You buy a call option for a $5 premium, which gives you the right to buy AAPL at $160. If AAPL's price rises to $170 before the option expires, your profit is $500:

($10 gain per share - $5 premium) × 100 shares = $500.

If the price stays below $160, you don’t exercise the option, and your loss is limited to the $500 premium you paid.

Options lose value as they approach their expiration date because the chance of significant price changes decreases. This is called "time decay." For example, a three-month option is usually worth more than a one-month option because it gives more time for the asset's price to move in your favor.

The price of options contracts (the "premium") tends to increase for longer durations. This is because a longer time frame offers more opportunities for the underlying asset's price to fluctuate. However, if the asset's price doesn’t move much, holding options for a long time can become costly and inefficient.

In summary, options allow you to manage risk or speculate on price changes with controlled costs. Understanding how time and price affect their value is crucial to making informed decisions.

What are the types of options?

Options trading provides investors with opportunities to capitalize on price movements in financial markets. The two main types of options, calls and puts, cater to different strategies for speculation and hedging.

Calls: Betting on price increases

Premium and strike price. Investors pay a premium to gain the right to buy an asset at a predetermined strike price by the expiration date.

Profit potential. If the market price rises above the strike price, traders can purchase the asset at a discount, profiting from the price difference minus the premium.

Risk. If prices don’t rise sufficiently, the trader forfeits the premium, but losses are capped.

Puts: Hedging against price declines

Price protection. Put options that enable traders to profit from falling prices or establish a price floor for protection.

Execution. If the asset price drops below the strike price, traders sell at a premium, locking in profits.

Risk. If prices don't fall, the trader’s loss is limited to the premium paid.

Pros and cons of options trading

Options trading offers a unique blend of opportunities and challenges, making it essential for traders to understand its dynamics before entering this market.

No need for physical assets. Options allow speculation on asset value changes without owning the underlying asset. This reduces capital requirements and offers flexibility.
Hedging potential. Options can limit losses in other investments by acting as a safety net through strategic risk management.
High return potential. Options often require lower margin investments and can generate higher percentage returns compared to directly purchasing stocks when the right strike price is chosen.
Versatile strategies. Options offer a variety of strategies by combining calls, puts, expirations, and strike prices to suit different financial goals.

Limited asset variety. Options trading typically offers fewer assets compared to traditional markets.
Risk of loss. Poor risk management can lead to substantial financial losses.
Liquidity issues. Low liquidity in certain options may make trades harder to execute quickly and affect pricing.
Higher costs. Options trading often involves higher commissions. However, discount brokers can help reduce these costs for budget-conscious traders.

How to get started with options trading?

Options trading requires a systematic and informed approach to ensure success. Follow these steps to begin your journey:

Educate yourself. Gain a solid understanding of Options strategies and their risks. Explore courses, books, and online resources to enhance your knowledge and develop informed market views.
Choose the right broker. Select a broker offering comprehensive options trading services, including strategy insights and execution support. Look for platforms that provide educational tools and resources to aid your learning.
Open an options trading account. Establishing an account may require a higher initial deposit and additional verification of your trading knowledge. Ensure you meet your broker’s criteria to trade options safely.
Select your strategy. Identify strategies like buying calls or puts, selling covered calls, or protective puts based on your market outlook and risk tolerance.
Create a trading plan. Develop a detailed plan, combining education, practice, and mentorship. Leverage broker-provided guides and tutorials to refine your skills and make informed decisions.

Closely study the Greeks to predict price behavior

Understanding the Greeks in options trading is more about connecting the dots than just knowing definitions. For example, look at how Gamma and Theta interact. High Gamma means your position reacts sharply to even small price changes, but this comes with a cost — high Theta eats away the value of your option daily. To make the most of this, try combining high Gamma options with lower Theta exposure through strategies like butterfly spreads. This way, you can take advantage of market moves without seeing your profits disappear due to time decay.

Another overlooked tip is using Vega to understand how volatility impacts pricing. For example, if you notice that out-of-the-money calls are more expensive than puts, it could mean the market expects prices to go up. Instead of just buying calls, consider a ratio spread with more emphasis on cheaper options. This allows you to benefit from undervalued volatility while limiting your risk. By keeping an eye on market expectations and volatility shifts, you can create strategies that work smarter, not harder.

Methodology for compiling our ratings of Forex brokers

Traders Union applies a rigorous methodology to evaluate brokers using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include:

Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.
Other factors like brand popularity, client support, and educational resources are also evaluated.

Find out more about the unique broker assessment methodology developed by Traders Union specialists.

Conclusion

Options trading offers unparalleled opportunities for hedging, speculation, and strategic investments. However, success depends on selecting a platform that meets your needs. Look for brokers with transparent fees, intuitive tools, and robust educational materials to enhance your trading skills. Start your journey with the best options trading platforms to navigate this dynamic market confidently and work toward achieving your financial objectives.

FAQs

Which option trading is best?

The best strategy depends on your financial goals and risk tolerance. Popular strategies include covered calls, protective puts, and spreads for beginners.

Which broker is best for the future and option?

The best platform varies by trader preference, but look for features like low fees, advanced tools, and strong educational support to suit your needs.

Which stock has the highest option trading?

Stocks with high liquidity and trading volumes tend to see the most options trading activity, offering better pricing and execution.

Which broker has the lowest charges for F&O?

Platforms with competitive pricing structures and minimal fees are ideal. Compare trading costs, including commission and margin rates, to find the best value.

Team that worked on the article

Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.

Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.

Learn about our editorial policies

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

CFD

CFD is a contract between an investor/trader and seller that demonstrates that the trader will need to pay the price difference between the current value of the asset and its value at the time of contract to the seller.

Investor

An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.

Volatility

Volatility refers to the degree of variation or fluctuation in the price or value of a financial asset, such as stocks, bonds, or cryptocurrencies, over a period of time. Higher volatility indicates that an asset's price is experiencing more significant and rapid price swings, while lower volatility suggests relatively stable and gradual price movements.

Scalping

Scalping in trading is a strategy where traders aim to make quick, small profits by executing numerous short-term trades within seconds or minutes, capitalizing on minor price fluctuations.

Options trading

Options trading is a financial derivative strategy that involves the buying and selling of options contracts, which give traders the right (but not the obligation) to buy or sell an underlying asset at a specified price, known as the strike price, before or on a predetermined expiration date. There are two main types of options: call options, which allow the holder to buy the underlying asset, and put options, which allow the holder to sell the underlying asset.