Advertiser Disclosure
Many of the offers that appear on this site are from companies from which The Motley Fool receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear) and may influence which products we write about, but our product ratings are not influenced by compensation. We do not include all companies or offers available in the marketplace. Websites may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened.
Brendan Byrnes is the Managing Director at Motley Fool Money, where he leads business strategy and editorial operations. Since joining The Motley Fool in 2011, he has written hundreds of articles, contributed investing and market analysis, and appeared on CNBC and Fox. Earlier in his career at The Motley Fool, he interviewed executives and thought leaders from across the investing and business world. Brendan holds a degree in finance from Virginia Tech.
Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation.
Options trading isn't for the faint of heart. Investing can be intimidating enough, and when you throw in terms like calls, puts, and strike prices, most people shy away. But not you -- you're ready to level up your strategy.
The best options trading platforms combine low fees, powerful tools, an intuitive interface, and responsive customer support to give you the edge you need.
At The Motley Fool, we've spent over 30 years helping investors -- from beginners to advanced traders like you. After reviewing more than 45 brokers, we've identified seven standout platforms that deliver reliability, value, and the features you need to succeed.
Explore our top-rated options brokers below and find the perfect fit for your trading goals.
Our team of experts assessed 45+ trading platforms
We evaluate all brokerage accounts across the same 4 key criteria: user experience, cost efficiency, product variety, and support and security
Our brokerage ratings are never influenced by our advertising partners
We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Best For:
Active traders
Fees:
$0 per options trade, $0.65 per contract ($0.50 per contract for 30 or more stock, option, or ETF trades per quarter). Other fees apply.
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Best For:
Pro-grade tools without paying extra
Fees:
$0 stock, ETF, and Schwab Mutual Fund OneSource® trades. No fees to buy fractional shares.
4.70/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.70/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Best For:
Rebates on options contracts
Fees:
$0 commissions, 1%-2% crypto markups
Earn a 1% uncapped match when you transfer your investment portfolio to Public.
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Best For:
Dedicated options traders
Fees:
$0 for stocks, $1 per option contract (opening trades only), $0 per crypto purchase and sale
At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.
Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.
At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.
Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.
How to choose an options trading platform
Choosing the right options trading platform can feel overwhelming, but it doesn't have to be. To make your decision easier, focus on the following four key factors.
1. Pricing and fees
Fees are the first thing to consider because your money should be working for you -- not disappearing into unnecessary costs. For frequent traders especially, trading expenses can quickly erode profits if you're not careful.
Fortunately, this is an excellent time to shop for an options trading platform. Many brokers have been slashing fees in a bid to outdo each other, with some eliminating per-contract charges altogether. Platforms like Webull and Public even go beyond commission-free trading by offering rebates, ensuring more of your money stays in your portfolio where it belongs.
When comparing brokers, prioritize those with low or no commissions and minimal per-contract fees -- it's the easiest way to maximize your returns.
2. Trading tools and features
Options trading is all about seizing opportunities and managing risks, and that requires robust tools. Today, most platforms are catching up with each other in terms of functionality, so you'll find plenty of helpful features no matter which one you choose.
However, not all tools are created equal. Look for platforms that offer:
Real-time data feeds to stay updated on market moves.
Advanced charting capabilities for in-depth analysis.
Options-specific tools like probability calculators and strategy builders to help you execute complex trades confidently.
Having access to these features can make the difference between a well-informed trade and a missed opportunity.
3. Platform usability
Here's where personal preference comes into play. Options trading is more complex than traditional buy-and-hold investing, so you need a platform you're comfortable navigating.
One big decision: desktop vs. mobile.
If you're a deep-diver who loves analyzing data on a large screen, desktop-based platforms like Interactive Brokers might be your best bet.
If you're an on-the-go trader who values convenience, consider platforms like Webull or E*TRADE from Morgan Stanley, which excel at mobile experience.
The right platform will depend on how you trade and what kind of research you prefer. Take your time to explore different interfaces and choose one that fits your workflow.
4. Customer support
Customer support doesn't really matter until it does. And if you're trading significant amounts of money, having reliable help on standby can be a lifesaver when something goes wrong.
Look for platforms with 24/7 customer service and multiple support options like phone and live chat. A responsive, knowledgeable support team can give you peace of mind and help you avoid costly delays when problems arise.
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Bottom Line
Robinhood is a simple, low-cost brokerage with a few rare perks. What it lacks in customer service it provides in a smooth in-app experience. Without membership, you will lack research resources but still be able to trade affordably. With a membership, you can earn 3% and 1% match on IRA and taxable deposits. The app grows fast -- new perks are being released at a rapid pace.
Why we like it: Robinhood is one of the most genuinely user-friendly ways to get into options -- and it won't cost you a dime to do it. There are no commissions or per-contract fees at all. You can trade Level 3 strategies like iron condors, straddles, strangles, and credit and debit spreads, commission-free, in a single order.
The platform has grown up considerably: Robinhood Legend charts are now available on mobile, and you can simulate the returns of both single-leg and multi-leg options strategies before you pull the trigger. It's no longer just a starter platform -- it's a legitimate options trading tool for traders at multiple levels.
What to keep in mind: If you're an options power-trader and rely heavily on deep analytical tools and institutional-grade research, you'll probably hit a ceiling compared to platforms like tastytrade or Interactive Brokers. But for a fee-free, clean, low-friction entry into options, Robinhood is hard to argue with.
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Bottom Line
E*TRADE from Morgan Stanley has a lot to offer for first-time options traders or more experienced options investors. Choose from several different trading platforms, including Power E*TRADE from Morgan Stanley for active options traders.
$0 per options trade, $0.65 per contract ($0.50 per contract for 30 or more stock, option, or ETF trades per quarter). Other fees apply.
Account Minimum:
$0
SPECIAL OFFER
Open and fund a brokerage account and get up to $1,500. Terms apply.
Open a new eligible E*TRADE brokerage account, fund your account within 60 days of opening, and earn a cash credit of up to $1,500, depending on the size of your deposit. Offer good for one use per customer, on a single account. Please read full terms and conditions on our website.
Why we like it: If you're planning to trade multiple times a day, E*TRADE from Morgan Stanley's PowerE*TRADE from Morgan Stanley platform is a top pick. Known for lightning-fast execution times, it ensures your trades are filled on time without delays.
The platform also caters to both newer and experienced traders, offering a wide range of investment options, robust research and screening tools, and educational resources to sharpen your skills. Plus, with two mobile apps -- one for everyday trading and a mobile version of Power E*TRADE from Morgan Stanley -- you'll have maximum functionality on the go.
What to keep in mind: While E*TRADE from Morgan Stanley excels in speed, its platform design feels a bit dated compared to the sleek interfaces of competitors like IBKR. The charting tools are less advanced, so if in-depth analysis is critical to your strategy, you might find it limiting. Additionally, the $0.65 per-contract fee is on the higher end, and margin rates are among the steepest in the industry.
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Bottom Line
Charles Schwab pioneered the low-cost brokerage model decades ago, and that legacy continues with its lineup of no-commission-fee offerings. The robust lineup of account types, investment vehicles, and high quality app round out the stacked feature set.
Best for: Traders who want pro-grade tools without paying extra for them
Why we like it: Schwab's secret weapon for options traders is Thinkorswim -- and the backstory is kind of cool. The platform was co-founded by Tom Sosnoff and Scott Sheridan in 1999, sold to TD Ameritrade for roughly $606 million in 2009, and eventually landed at Schwab through its TD Ameritrade acquisition. Those same founders later built tastytrade -- so the DNA behind two platforms on this list traces back to the same people.
Schwab has kept Thinkorswim excellent: you get 400+ technical studies, options back-testing, volatility and probability analysis, and a built-in paperMoney® feature for risk-free strategy testing in a live market simulation. Options trade for $0.65 per contract with no base commission, and the platform itself is free with any Schwab account.
What to keep in mind: Thinkorswim's tools can be dizzying for a first-time user. If you're brand new to options, the learning curve is real. Consider cutting your teeth on a simpler platform first and graduating to Thinkorswim when you're ready to go deeper.
4.70/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Bottom Line
Public is an investing platform that simplifies trading stocks, bonds, ETFs, options, and crypto. With zero fees on many trades, Public stands out as a low-cost brokerage, while also providing yield-focused products to help you earn returns on your cash.
Why we like it: Public is shaking up the options trading world by offering something no one else does: rebates on stock and ETF options contracts. You can earn rebates ranging from $0.06 to $0.18 per contract, based on your trading volume, with no commissions or per-contract fees.
Even better, the more you trade, the higher your rebate, especially if you refer new users. The platform is designed for simplicity and ease of use, making it an ideal choice for beginners who want to get into options trading without feeling overwhelmed.
What to keep in mind: Public isn't the best option for advanced traders who need sophisticated tools or customizable charting features. The platform also doesn't offer as many account types or investment options compared to competitors like E*TRADE from Morgan Stanley or Interactive Brokers. However, Public's rebate program is a major differentiator, making it a strong contender if you're looking for a low-cost, user-friendly entry point into options trading.
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Bottom Line
Webull has a standout mobile app that is user-friendly but also packed with powerful features for options trading and active investing. And it charges no commissions or contract fees on stock and ETF options.
Why we like it: Webull is our favorite pick for beginners and casual traders who prefer trading on the go. With $0 commissions and no contract fees, it's one of the most affordable platforms out there -- perfect for dipping your toes into options trading without worrying about costs eating into your profits.
The sleek, app-first design makes it incredibly intuitive, especially for those just starting out. If you're experimenting with whether options trading is right for you, Webull offers a low-risk, user-friendly entry point.
What to keep in mind: Webull's simplicity is a double-edged sword -- it's fantastic for those starting out, but may feel too basic for experienced traders who need more robust research tools or educational resources. Additionally, it doesn't offer as many account types or investment options as platforms like E*TRADE from Morgan Stanley.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Bottom Line
Interactive Brokers has some of the most powerful trading features of any brokerage, which make it a good choice for professional investors. Beginner options traders might want to look elsewhere.
Why we like it: Interactive Brokers' IBKR platform is the gold standard for advanced options trading. With professional-grade charts, in-depth tools, global access, and ultra-low costs, it's built for serious investors executing sophisticated strategies. Active traders can benefit from fees as low as $0.15 per contract, some of the lowest margin rates in the industry, and feature-packed platforms like IB Trader Workstation.
What to keep in mind: Interactive Brokers isn't designed with beginners in mind. The platform has a steep learning curve and a somewhat complex commission structure, which can feel overwhelming if you're new to options trading. It's best suited for experienced traders who are comfortable navigating powerful, data-heavy tools.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Bottom Line
tastytrade does not offer options trading as an extra or "add-on." Instead, tastytrade's platform was designed for options -- and the trading experience reflects that approach.
Fees:
$0 for stocks, $1 per option contract (opening trades only), $0 per crypto purchase and sale
Why we like it: If your trading game is all about options and you don't need the extras of a traditional brokerage, tastytrade is built for you. tastytrade stands out from every other platform on this list because it was built by options traders, for options traders. Founded by pioneers of online options trading, the platform delivers a feature-packed, top-notch technology experience tailored to those who live and breathe options.
Its commission structure is one of the best in the game: $1 per stock option contract to open and $0 to close, making it especially appealing for high-volume traders. With advanced tools and innovative tech, tastytrade goes above and beyond to cater to serious options enthusiasts.
What to keep in mind: While tastytrade shines for experienced traders, it's not ideal for beginners. Its complexity can feel overwhelming for those still learning the ropes, and some competitors, like Webull, don't charge commissions at all. If you're a seasoned trader, though, the platform's robust tools and reasonable fees make it worth a close look.
Yes, many options trading platforms are designed with beginners in mind. Platforms like Webull and Public offer simple, intuitive interfaces and low-cost trading, making them great for first-time options traders. Look for platforms with educational resources and demo accounts to help you learn before risking real money.
If you prefer in-depth analysis and research, desktop platforms like Interactive Brokers might be best. However, if you're often on the go or prefer a more straightforward experience, mobile-optimized platforms like Webull or E*TRADE from Morgan Stanley may suit you better.
While advanced tools like real-time data, charting, and strategy builders can enhance your options trading, beginners can start with simpler platforms like Webull or Public that offer easy-to-use interfaces with essential features.
Share This Page
Brokerages we evaluated for consideration on this page: Acorns, Ally Invest, Axos Self-Directed Trading, Betterment, Cash App Investing, Charles Schwab, Delphia, Domain Money, Ellevest, Empower, eToro Brokerage, E*TRADE Core Portfolios from Morgan Stanley, E*TRADE from Morgan Stanley, Fidelity, Fidelity Cash Management, Fidelity Go®, Firstrade, FOREX.com, Interactive Brokers, J.P. Morgan Self-Directed Investing, M1 Finance, Magnifi, Marcus Invest, Merrill Edge® Self-Directed, Moomoo, NinjaTrader, Personal Capital, Plynk, Prosperi Academy, Public, Robinhood, Rocket Dollar, Schwab Intelligent Portfolios, SoFi Active Investing, SoFi Robo Investing, Stash, Stockpile, tastytrade, Titan, Tornado App, TradeStation, Tradier, Vanguard, Vanguard Digital Advisor®, Wealthfront, Webull, Zacks Trade.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Motley Fool Money is 100% owned and operated by The Motley Fool. Our knowledgeable team of personal finance editors and analysts are employed by The Motley Fool and held to the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
Terms may apply to offers listed on this page.
Motley Fool Stock Disclosures
Ally is an advertising partner of Motley Fool Money. Charles Schwab is an advertising partner of Motley Fool Money. Brendan Byrnes has positions in Apple. The Motley Fool has positions in and recommends Alphabet, Apple, Axos Financial, Best Buy, Interactive Brokers Group, Intuit, and Target. The Motley Fool recommends Cboe Global Markets and Charles Schwab and recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group, short January 2027 $46.25 calls on Interactive Brokers Group, and short June 2026 $97.50 calls on Charles Schwab. The Motley Fool has a disclosure policy.
Robinhood Disclosure:
Robinhood disclosure
Options disclosure Options trading entails significant risk and is not appropriate for all investors. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Certain complex options strategies, including multi-leg strategies, carry additional risk and complexities including the potential for losses that may exceed the original investment amount.
RHF/RHS brokerage entity disclosure All investments involve risk and loss of principal is possible.
Robinhood Financial LLC (“RHF”) (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (“RHS”) (member SIPC), is a registered broker dealer and provides brokerage clearing services. RHF and RHS are separate but affiliated entities.
Commission-free trading disclosure Commission-free trading of stocks, ETFs and equity options refers to $0 commissions for Robinhood Financial self-directed brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Index options are subject to a per contract fee. Keep in mind, other fees such as trading/regulatory/exchange fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial’s Fee Schedule to learn more regarding brokerage transactions.
Margin borrowing increases your level of market risk, as a result it has the potential to magnify both your gains and losses. Before using margin, customers must determine whether this type of strategy is right for them given their investment objectives and risk tolerance. Regardless of the underlying value of the securities you purchased, you must repay your margin loan. Robinhood Financial can change its maintenance margin requirements at any time without prior notice. If the equity in your account falls below the minimum maintenance requirements (varies according to the security), you’ll have to deposit additional cash or acceptable collateral. If you fail to meet your minimums, Robinhood Financial may be forced to sell some or all of your securities, with or without your prior approval. For more information please see Robinhood Financial’s Margin Disclosure Statement, Margin Agreement and FINRA Investor Information.
Margin trading involves risk and may not be suitable for all investors. Borrowing on margin increases your level of market risk and can amplify both gains and losses.
Robinhood Financial may change maintenance margin requirements at any time without prior notice. If the equity in your account falls below minimum maintenance requirements, you may need to deposit additional cash or collateral. If those requirements are not met, Robinhood Financial may sell securities in your account without prior approval.
The 3% matching on annual contributions requires a subscription with Robinhood Gold ($5/mo) and customers must stay subscribed to Gold for 1 year from the date of the first eligible deposit to keep the full Gold match. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. Match rate subject to change. Non-Gold customers receive a 1% match. Offer only applies to self-directed IRAs. For more information refer to the IRA Match FAQ.
You must have compensation (wage income) in order to contribute to an IRA. Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.
The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing.
The 3% matching on annual contributions requires a subscription with Robinhood Gold ($5/mo) and customers must stay subscribed to Gold for 1 year from the date of the first eligible deposit to keep the full Gold match. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. Match rate subject to change. Non-Gold customers receive a 1% match. Offer only applies to self-directed IRAs. For more information refer to the IRA Match FAQ.
You must have compensation (wage income) in order to contribute to an IRA. Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.
The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing.
Robinhood Strategies charges an annual management fee of 0.25% on the net portfolio value of each managed account. Eligible Robinhood Gold subscribers pay no management fees on the portion of their managed account net portfolio value that exceeds $100,000, thereby limiting the annual management fee to $250. Other fees apply.
All investments involve risk and loss of principal is possible.
Brokerage services are offered through Robinhood Financial LLC, ("RHF") a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, ("RHS") a registered broker dealer (member SIPC).
RHF and RHS are not banks. All are separate but affiliated entities. Securities offered by RHF are not FDIC insured and involve risk, including possible loss of principal.
Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC.
Portfolio management of managed accounts by Robinhood Asset Management, LLC (“Robinhood Strategies”), an SEC-registered investment advisor.
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before trading options.
Cryptocurrency trading is offered through Robinhood Crypto, LLC (NMLS ID 1702840). Trading and holding digital assets involves significant risk, including the risk of substantial loss. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.
*Trading and owning digital assets involves significant risk, including the risk of substantial loss. Cryptocurrency trading is offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the
New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.
** Network fees may apply. Availability may be subject to regulatory approval in certain states.
E*TRADE from Morgan Stanley Disclosure:
E*TRADE services are available just to U.S. residents.
Important note: Options transactions are intended for sophisticated investors are complex, carry a high degree of risk, and are not suitable for all investors. For more information, please read the Characteristics and Risks of Standardized Options before you begin trading options.
Interactive Brokers Disclosure:
Interactive Brokers disclosure: The inclusion of Interactive Brokers’ (IBKR) name, logo or weblinks is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
tastytrade Disclosure:
tastytrade disclosure
tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with The Motley Fool (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade.
tastytrade was previously known as tastyworks, Inc.
2026 Award Winner
