There is no base charge, and the per-contract rate is just $0.70. 3D charts aside, no question, TradeStation earns its spot as one of the best platforms for options trading in 2022.įor professionals, Interactive Brokers takes the crown as the best options platform. Investors note, however: While it's visually appealing, we did not see any distinct advantage over a traditional 2D P&L chart. TradeStation's OptionsStation tool makes analyzing potential trades a breeze, and even goes as far as including 3D P&L charts. Attention to detail, such as automatic spread groupings, effortless scanning through StrategySEEK, and easy-to-understand risk/reward data through tradeLAB make Power E*TRADE a truly unique experience. Web-based Power E*TRADE offers all the tools an options trader could want, and displays them in magnificent form. Our other winners also offer excellent platforms. Strategy Roller from thinkorswim enables clients to create custom rules and roll their existing options positions automatically. The thinkorswim platform, both as a desktop platform and on mobile, provides all that you could want for successful options trading, including vast customization, incredible tools and great education. This shines through especially in its options trading. TD Ameritrade took the top spot in this year's review for platform and tools and was close behind in virtually every other category. 5 Stars - Best web-based options trading platform 5 Stars - Best overall options trading platform and tools Here are the best options trading platforms, based on over 30 variables. With most brokers offering similar pricing, trade cost was not an influencing factor in our scoring. Alongside platform usability, our testing focused on options chains (e.g., optional views, total optional columns, streaming data quality, total greeks offered), options analysis (e.g., P&L charts, calculators), and option position management (e.g., if Greeks stream, rolling functionality, grouping availability, and advanced position analysis). Every broker strives to offer the best platform for options trading.įor our 2022 Review, we tested and scored 15 different trading platforms.
This type of market atmosphere is great for traders because healthy competition drives product innovation. Options trades offer online brokers much higher profit margins than stock trades, and, as a result, competition is fierce in attracting clients.
Our editorial content is independent and unbiased here's how we make money. The best online brokers 2022 review, our 12th annual, took three months to complete and produced over 40,000 words of research.