Find the Best Options Broker for Your Strategy

Optimizing your broker's commissions to your trading strategy is important. We are in this to make money right?

What is a lot size?

A lot is the quanity of the trade you are putting on. For example a vertical spread with a lot of 4 is selling 4 contracts and buying 4 contracts for a total of 8 contracts. An Iron Condor with a lot size of 2 is buying 4 contracts and selling 4 more for a total of 8 contracts. If you are just buying or selling an option your lot size will be the number of contracts you are trading.

Broker Base Charge Option Charge Total Commission
Tradier Brokerage ** $0.00 $7.00 $7.00
eOptions $6.00 $3.00 $9.00
Interactive Brokers $0.00 $14.00 $14.00
Options House $4.95 $10.00 $14.95
just2trade $5.00 $10.00 $15.00
Trade Station $5.00 $10.00 $15.00
Ally (Old TradeKing) $4.95 $13.00 $17.95
Tastyworks * $0.00 $20.00 $20.00
E*Trade $6.95 $15.00 $21.95
Ameritrade $6.95 $15.00 $21.95

* Tastyworks does not charge for closing trades. We assume you close your trade so we show their commission at $0.50 instead of $1.00 for a fair comparable.

** Tradier Brokerage has a minimum charge of $5 per single legs and $7 for multi legs.