Online brokers get much higher profits in options trading as compared to stock trading. Due to these higher chances of getting profit, there is a lot of competition for brokers when it comes to buying and selling options.

However, the options market is really beneficial for traders because it drives innovation among people who wanna play right while buying options.

In this article, we’re gonna cover what are the best platforms where you can buy stock options.

So without further ado, let’s get started.

Is it possible to buy options on any stock?

Before we talk about the platforms it’s essential to know whether we can buy options on any stock or not.

The brief answer to this question is that stocks that have listed options can be approached for options buying and selling. Otherwise, it’s not possible. To know about the listed options of any stock, you can approach your broker and they will check it for you.

The Best Platforms To Buy Options In 2021:

TradeStation

TradeStation is the best platform to buy options as it serves its traders with very low commissions and user-friendly features. The big reason to choose it for buying options is its minimum investment, which makes it reachable to new traders as well.

In short, TradeStation is the stockbroker which is best for new traders who are comfortable with low costs.

Perks:

• Offers bonuses.
• Zero dollar stocks are available.
• Offers cryptocurrency trading.
• Lower rate of account minimum.

Robinhood

When there was no platform for beginners to trade stocks and options, that can provide strain-free reach to stock markets, Robinhood came into existence. It was launched in 2015 and introduced a mass of people with zero-commission trading.

This is the most suitable platform for people who want to buy and sell options through their mobile apps. However, if you want a proper IRA account, it doesn’t have this option.

Perks:

• 0% commissions.
• An innovative mobile investment application.
• Offers cryptocurrency investment.

Ally Invest

It is a complete example of a discount brokerage where you can buy options. Ally Invest enables its users the rate of zero dollars per trade, which is the biggest game-changer for this stockbroker.

Moreover, it offers one of the lowest transaction fees for mutual funds. On these platforms, even the investors who have such large accounts score lower commissions for options, which makes it a good choice for people for whom price is the biggest concern.

Ally Invest is the best stock broker for people who are looking for a versatile investing platform that cuts minimum options trading commissions.

Perks:

• 0$ options commissions.
• Zero account minimums.
• Offers bonuses.

TastyWorks

tastyworks is a tech-focused platform that was developed by tastytrade. It is a live network platform and teaches investors and traders how to buy and sell stocks or options. We can say that it is oriented towards active options buyers, however, it also has stock-trading functionality.

Without any doubt, tastyworks is a platform for active traders who want to sell and buy options on a consistent basis. By the way, the best feature you’ll explore here is the options pricing schedule, which is one of the best schedules among many stockbroker platforms.

Perks:

• Fabulous trading technology.
• Lower options commissions.
• No minimum balance is required.
• Offers options-oriented mobile applications.

Interactive Brokers

Interactive Brokers is one of the best stock broker platforms that offers the lowest possible commissions. Furthermore, its low margin makes it stand out in stock trading as well.

If you’re a trader on margin, Interactive Brokers is the best to pick for you.

Perks:

• Lowest margin rates.
• Offers no commission trading.
• There are no transaction fees in mutual funds.

TD Ameritrade

TD Ameritrade is one of the best brokers out there that offer some of the best features which you are able to use and take advantage of trading the stock market.

Additionally, they have one of the best programs, TD Ameritrade Thinkorswim which is a great tool to trade.

Perks:

• No transactional fees for stock trading equities.
• Quick execution of filling order with stock equities and stock options
• Great accounting platform with clear and simple accounts

Webull

Webull is also a gem. It’s a good mix for seasoned traders that are not experts yet. Nice and easy platform to use and trade.

Perks:

• No transactional fees for stock equities and stock option trading
• User-friendly platform
• Great for the seasonal trader looking for a step up from Robinhood.