Page Summary
Options represent an excellent way to generate revenue, boost your portfolio’s leverage and diminish your risk. Options strategies are versatile and can be simple or complex. Interactive Brokers allows its customers to trade options.
This article discusses the strengths and weaknesses of trading options at Interactive Brokers.
Trading Options at Interactive Brokers
Interactive Brokers is a leading online broker with access to numerous assets. This brokerage firm has 33 options markets available.
Assets Comparison
| Interactive Brokers | Saxo Bank | TradeStation Global | |
|---|---|---|---|
| Options markets (#) | 33 | 23 | 33 |
It is a top choice for professional investors who understand the risk linked to options trading. Verify our in-depth reviews to read about options trading and brokers.
Options Trading Fees at Interactive Brokers
Interactive Brokers has a transparent fee structure. The average fee for a transaction with 10 options contracts for US Stocks is $6.5.
Options Trading Fees Comparison
| Interactive Brokers | Saxo Bank | TradeStation Global | |
|---|---|---|---|
| US stock options | $6.5 | $30.0 | $15.0 |
| US stock index options | $6.5 | $30.0 | $15.0 |
| UK stock index options | $23.8 | $42.0 | $21.0 |
| German stock index options | $13.2 | $48.0 | $18.0 |
Keep in mind that not all brokers have similar cost structures. Some charge additional fees for opening and closing transactions. Read our in-depth reviews to learn more about options trading and fees.
Final Word
Interactive Brokers is a good choice for traders looking forward to trade options. Trading comes with advantages and disadvantages depending on your trading style and experience. Check our in-depth reviews to discover insights on brokerage firms and their portfolio.
Interactive Brokers compared to other brokers:
Interactive Brokers Review
Disclaimer
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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
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eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.