tastytrade

Tastytrade was designed by the same team responsible for TD Ameritrade's stellar Thinkorswim® platform. Motivated by a desire to provide self-directed retail traders with access to markets and sophisticated research tools, the company's founders set out to build such a platform. Tastytrade caters exclusively to active traders and investors and only allows for the purchase and sale of stocks, ETFs, options, and cryptocurrencies.

Options trading on Tastytrade is offered at low, competitive rates. Options trade opening fees are $1 per contract, with a maximum of $10 per leg, regardless of deal size. Each contract has a $0.10 clearing fee added on top. Tastytrade's relatively low fees for options trading are made possible by the fact that, unlike most brokers, it does not charge a commission for closing positions.

Pros:

• Competitive commission rates for options
• Multiple tools for analyzing and monitoring options trades
• Library of options-specific content and educational material
• Focus is more on trading than investing

Cons:

• Limited investment choices Focus on trading and options results in weak portfolio analytics No news or fundamental analysis
  

Account Minimum: $0
Fees: $0 stock trades, $1 to open options trades (capped at $10 per leg), $0 to close

Website: https://tastytrade.com/