5 Best Options Trading Apps You Should Not be Ignoring

Technical analysis with magnifying glass by Peshkov via iStock

Options trading has grown in popularity among investors all over the world. It offers a flexible way to manage risk, speculate on price movements, and enhance portfolio returns. With the best options trading app, investors can maximize their trading capabilities and increase their profitability. However, with so many brokers and apps now offering options trading, choosing the best options trading app can be overwhelming. Going through different trading apps and platforms to understand the various tools, competitive pricing, and user-friendly features that they offer can therefore be highly advantageous to investors. These are 5 best options trading apps you should not be ignoring:

Public.com: 

Public.com is a trading app that has been considered a modern investing platform designed for the new generation of traders. It gained a reputation for being commission-free stock investing. With an approach that offers straightforward and transparent investing, the app has gained more users who prefer it more than similar platforms. Unlike some platforms that bury investors under complicated tools, Public focuses on simplicity, education, and accessibility, making it one of the best options trading app choices for beginners. Some of the features that Public.com offers include:

  • It provides options trading with zero commission fees and no per-contract charges, which is a major advantage for cost-conscious investors.
  • It includes educational resources and in-app explanations to help newcomers understand calls, puts, and different strategies.
  • It has a community feature that sets it apart, enabling investors to share ideas, follow experienced traders, and learn in real time from the app’s social features.
  • It offers an engaging environment for beginners who might otherwise struggle in isolation.
  • It also has a clean and intuitive interface that makes navigation easy and user-friendly.

Public.com offers a great platform for beginner to intermediate investors who want to explore options without feeling intimidated. By blending education, transparency, and commission-free pricing, it creates an investing experience that makes learning and trading seamless, leading it to become a favorite among many.

Robinhood: 

Robinhood remains one of the most recognized names in commission-free trading and is often considered one of the best options trading apps for investors seeking low fees and great features. With its pioneering role in eliminating trading fees, it has become especially popular among younger investors who value ease of use and accessibility. At the same time, its focus on safety, performance, and education continues to draw in new users. Some features that Robinhood offers include:

  • It allows investors to trade options commission-free, with no per-contract fees.
  • It features a streamlined interface that makes buying and selling options simple.
  • The app includes an options chain display and tools to evaluate strategies like covered calls or protective puts.
  • Its biggest appeal is its simplicity. While it may not have the advanced analytics of professional-grade platforms, it offers an easy entry point for beginners who want to trade options without being bogged down by complexity.
  • It is also known for instant account funding and quick trade execution, ensuring access to important information and helping investors make quality decisions at key times.

Robinhood is a great app for investors who want a simple, low-cost introduction to options trading, and it is best suited for casual traders who don’t require in-depth charting or customization but still want access to common strategies to enhance their trading experience.

Webull: 

Webull has steadily gained popularity for offering a balance between beginner-friendly usability and advanced trading tools, making it another great option for those looking for reliable options trading apps. It offers a range of features and detailed analytics that have enabled it to become a favorite among both beginners and more experienced options traders, as it continues to outperform many of its competitors. These are some of the features that Webull offers that have led many to consider it the best options trading app:

  • It charges no commissions or per-contract fees on options trades.
  • It provides real-time market data, customizable technical charts, and advanced features like Greeks (Delta, Gamma, Theta, Vega), which are essential for serious options traders.
  • It offers intuitive options chains that make it easy to visualize strategies and enhance the decision-making process.
  • It balances accessibility and sophistication that enables beginners to get into trading with educational tools and a paper trading account, while experienced investors can dive deeper into analytics.
  • Its mobile interface is clean but packed with functionality.

As a platform that uses technology to its advantage in a manner that also benefits investors, Webull is committed to delivering reliable, professional, and intelligent services. The app is a great option for intermediate investors who want more advanced features without the steep learning curve of professional platforms, and it is ideal for traders looking to grow from basic strategies to more complex approaches.

Fidelity: 

Fidelity is one of the most established names in the investment world, and its options trading capabilities are considered to be among the best by many. As a full-service broker, Fidelity combines a strong reputation, robust research tools, and comprehensive investment products, making it a strong candidate for the best options trading app for long-term and serious investors. Some of the features that Fidelity offers include:

  • It offers commission-free options trading, though a per-contract fee of $0.65 applies.
  • The platform provides advanced research, including third-party analysis, real-time data, and detailed educational content.
  • Options traders can use Fidelity’s Active Trader Pro platform for powerful charting and strategy testing.
  • Unlike newer apps, it provides institutional-grade tools, outstanding customer service, and a wide range of investment products that include stocks, bonds, mutual funds, ETFs, and retirement accounts.
  • Its integration of research and education makes it an invaluable resource for investors who want to understand the “why” behind their trades.

Fidelity ensures that users can maximize powerful tools to develop and execute strategies, while also having access to educational content and support from experienced traders, benefiting serious investors and those planning for the long term. Fidelity is a great option, particularly for investors who want to use options trading as part of a broader portfolio that includes retirement planning, mutual funds, and wealth management.

Charles Schwab: 

Charles Schwab is another great option for those looking for the best options trading app. It offers one of the most comprehensive platforms for options trading, and with its long-standing reputation, powerful Thinkorswim platform, and excellent support, it delivers for traders at all levels. The app also ensures that traders have access to informative and useful insights as well as professional help whenever they need it, which enhances the trading experience and improves potential for profits. Here are some of the features that Charles Schwab offers:

  • It offers commission-free options trading, with a $0.65 per-contract fee.
  • Through Thinkorswim, traders gain access to advanced charting, strategy testing, customizable screeners, and paper trading capabilities.
  • It includes a rich library of educational videos and courses to help traders refine their skills.
  • It has one of the best charting and trading platforms in the industry, offering everything from simple orders to highly complex multi-leg strategies.
  • Combined with Schwab’s financial strength, customer support, and research tools, it’s a robust solution for traders who want professional-level capabilities.

Charles Schwab provides investors who want the power of a full-service broker with access to advanced tools for options, and it is particularly suited for active traders and those who want institutional-level resources at their fingertips. This has enabled it to become considered the best options trading app by many.

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