The Best Deal for Option Traders
$0 Commission & $0 Contract Fee
No Exchange, Exercise or Assignment Fees
No Exchange, Exercise or Assignment Fees
The Advantage of Trading Options
1
Generate Income on your Stock/ETF Portfolio
2
Take directional views with leverage and limited risk
3
Hedge Your Portfolio with Risk-Reduction Strategies
Why Trade Options with Firstrade
Firstrade offers value investing with $0 commissions and $0 contract fees for options trades.
| Broker | Per Contract | 10 | 100 | 300 | 500 |
|---|---|---|---|---|---|
| Firstrade | $0 | $0 | $0 | $0 | $0 |
| E*Trade | $0.65 | $6.50 | $65.00 | $195.00 | $325.00 |
| Charles Schwab | $0.65 | $6.50 | $65.00 | $195.00 | $325.00 |
| Fidelity | $0.65 | $6.50 | $65.00 | $195.00 | $325.00 |
| Merrill Edge | $0.65 | $6.50 | $65.00 | $195.00 | $325.00 |
Pricing for competitors were obtained from their published web sites on January 9, 2026. Some brokers may lower the fees listed above if certain balance or activity requirements are met. The competitor fees are believed to be accurate, but may be subject to change. Please contact each individual firm to confirm their latest fee schedules.
We provide you with the tools to get ahead
Innovative trading technology, analytics, education and customer service for over 37 years.
Powerful Platforms for Options Traders
Access sophisticated options trading tools across Firstrade's web and mobile platforms, supported by research, trade ideas, education, and live webinars.
Manage your account, research investments, and trade with confidence on the mobile platform ranked #1 by Investors Business Daily.
★ 4.7 on the App Store★ 4.5 on Google Play
Make Smarter Trades with Rolling Options, IV and Greeks
- Use the Rolling Options feature to collect more premium or extend a trade's duration, potentially giving your stock the opportunity to further move in your favor. Rolling options are also used to collect additional premium to help lower the cost basis of a stock.
- View your potential maximum gain or loss before you place an order with the Risk/Reward Profile.
- Option Greeks measures the various factors that impact the price sensitivity of an options contract.
- Measure the different factors affecting options prices right from the options chain using Implied Volatility (IV).
Options Analysis Card
Visualize key metrics like maximum profit, break-even and maximum loss, enabling you to make confident investment decisions tailored to your unique circumstances.
The "Options Analysis" feature also serves as your strategy validator, ensuring your key order parameters – such as option types, expirations dates, strikes and transaction types – are accurate and error-free. Make data-driven adjustments to optimize your strategy and achieve your investment goals.
FREE Professional-Grade Analytics with OptionsPlay
The fully integrated OptionsPlay let's you find opportunities and instantly execute your ideas at Firstrade.
- Daily bullish and bearish trading ideas
- Instant options strategies based on various market outlooks
- Optimal income opportunities for any Stock or ETF
Analyze Strategies
with Options Builder
Explore and compare options strategies with interactive charts that help you visualize potential outcomes and assess risk-reward trade-offs before placing a trade.
- Explore strategies based on your market outlook
- Visualize potential outcomes with Strategy Lab and the Volatility Cone
- Review expected price movements, volatility insights, and peer comparisons
Discover Top Trade Ideas
- Discover high-quality, actionable trade setups by the hour, with the Credit Spread, Covered Call & Short Put Reports.
- Get bullish and bearish trade ideas and technical analysis delivered to your inbox weekly.
Free Options Education & Live Events
Whether you are a beginner or an advanced options trader, Firstrade provides you with resources tools to improve your options trading knowledge.
- Free options trading courses for beginners & experienced traders
- Full options trading video library to jump start your education
- Live trading events with professional options strategists.
Account Protection
Your account is insured by SIPC for up to $500,000. Firstrade has been serving investors for over 40+ years and is a member of FINRA and SIPC.
24/7 Customer Support
Get help when you need it. Firstrade customer support is available by phone 24/7 for account questions and service needs.