Best options trading platform | Top brokerage firms in US 2022

Best options trading platform | Top brokerage firms in US 2022

We all want to increase our wealth. Because money is an important requirement of our life in the present and it will be important for us in our future. We all do different types of jobs and businesses to earn money in our life. We all earn money by working very hard. but if we don’t multiply our hard-earned money it will decay continuously by inflation. The best way to increase money is an investment. And you must make these investments in this same asset class which should always earn you good returns. You can invest in stocks, commodities, currencies, and bonds. But no asset guarantees growth, the market is full of ups and downs. And if you want to earn profit from this fluctuation in the market, then you need a platform that has more and more advanced features. Today, We will talk about Some best options trading platforms and Top brokerage firms in the US  that will give you maximum profit from every up and down of the market.

Best options trading platform in the US

Tastyworks: Low commission brokerage in industry

Tastyworks has the best options trading platform because it provides very nice commission rates for its customers. Focusing on best option trading tools and advanced technologies. It provides good educational content for its users to trade in options. It is the Best options trading platform in the US.

Tastyworks was launched by Tastytrade in 2017. It was developed by the same team who developed TD Ameritrade. Tastyworks platform is made for more active trades/investors that like to trade in stocks, options, ETFs, and cryptocurrency trading.

Tastyworks has low and competitive trading fees for its clients. Tastyworks doesn’t charge any commission at the time of closing position. It is the best discount broker in US.

Tastyworks provides strong options analytics including Greeks and graphs options positions. Its platform also provides advanced information on potential profitability for options trading strategies. Tastyworks also offers a follow trades feature by which the client can follow specific trades of in-house celebrities.

Pros:

  • Commission rates are very competitive for options trading
  • Provides lots of tools for options trading
  • Provides good educational content for options traders
  • Focusing on trading than investing

Cons:

  • Weak portfolio analytics
  • Very less news on fundamental analysis
  • Focusing mainly on trading

TD Ameritrade: Best stock brokerage firms

TD Ameritrade is the next best option for online trading platforms. It provides all next level facilities for new generation people and working on new ideas frequently. It is the best broker for mobile users. It provides the best online tools to identify new research amenities and comprehensive tools to their users for trading perspective.

TD Ameritrade is the best choice for beginners interested in learning online trading in mobile categories. It provides its educational content in its mobile app smartly. TD Ameritrade was founded in 1975 and purchased by Charles Schwab in 2019. It is fully functional for chart trading with advanced features.

It provides some premium features free of cost to its mobile users. No balance is required for all components. TD Ameritrade offers the best mobile trading platforms and packages. It is one the top brokerage firms in US.

Pros:

  • Excellent educational content
  • Superb for beginners
  • Wide range of products 
  • Strong customer support services
  • Best technology as a trading platform for mobile users

Cons:

  • It does not offer fractional shares
  • Trading of cryptocurrency offers through Bitcoin, OTC trust, and ETFs.
  • Trading account fees are relatively high

Interactive Brokers: Best international stock brokers

Interactive Brokers is a close competitor to the last two. It provides international and home market trading platforms. It is a good choice for international and domestic market trading. It handles 1.92 million client accounts across the world. Interactive Brokers was founded in 1978 by Thomas Peterffy as TP. & Co. You can access 150 markets, stocks, bonds, futures, and currencies and support 200 countries worldwide.

International and domestic traders can trade and access financial instruments on desktop, and mobile apps like IBKR Global Trade app and IBKR mobile both. It’s designed for fundamental and technical analysis with social sentiment analysis also. Interactive Brokers trading platform is better than any other platform for international traders. It is constantly innovating its technology.

Pros:

  • Superb for international traders
  • Provide low-margin interest rates
  • Powerful Trade Workstation (TWS) and best customization interface.
  • Excellent working for domestic and international.

Cons:

  • Difficult to learn Trade Workstation (TWS)
  • The fee structure is a bit confusing

Charles Schwab: Top online brokers in US

Charles Schwab is a very good option for choosing an options trading platform because Charles Schwab is for focusing on what is good for its customers. It provides technical analysis and fundamental research amenities for selecting a good trade for its customers. And great customer support which makes it a fantastic options trading platform.

Charles Schwab Co. was founded by Charles R. Schwab. Charles Schwab has 7.30 trillion client assets in 2022. It is constantly growing with the acquisition of TD Ameritrade. It provides a large amount of education content for options trade and its investors. It is a very sophisticated brokerage firm with years of experience in the US market.

Charles Schwab provides a powerful and highly comprehensive and customized Trade Workstation for laptop and mobile users. It offers the best trading options with the merger with TD Ameritrade it becomes a good option for forex, futures, and options trading platforms.

Pros:

  • Excellent in stocks and options research tools
  • Provides Multiple platforms for their vast customer base
  • Trade with any commission in stocks and ETFs.
  • Multiple scanners and research amenities
  • ESG and ETF are available

Cons:

  • No fractional stocks and ETF trade
  • No direct investment in cryptocurrency
  • Some margin rates are higher

E*TRADE: Best option trading platform for beginners

If you are a beginner in the options trading market you can choose E*TRADE is made for beginners. Mainly because it focuses on education content and tools. It is designed to focus on fundamental analysis and learning content specifically.

E*TRADE has a good online trading platform that works best for desktop and mobile. The trading platform provided by E*TRADE meets the needs of beginners and expert traders. It is the Best options trading platform in the US for beginners.

If you are new to options trading then you can start paper trading by using this platform. So, you practice trading various options strategies without losing capital in the market. 

Pros:

  • Fantastic educational content
  • Provides a paper trading platform
  • Easy-to-use platform

Cons:

  • Higher fees structure or commission
  • Not for international traders

You can camparing online brokers by you requirements and experience in stock market till now. I wish you will get you best choice.

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FAQ: Best options trading platform | Top brokerage firms in US

What is the best options trading platform for beginners?

If you are a beginner in the options trading market you can choose E*TRADE is made for beginners. Mainly because it focuses on education content and tools.

Is E*Trade a good place to trade options?

Yes, E*TRADE has a good online trading platform that works best for desktop and mobile. The trading platform provided by E*TRADE meets the needs of beginners and expert traders.

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