No volume threshold. Just our best pricing, from your very first trade.
Plus, earn up to $3,500 in cash rewards*.
Real complex options trading happens here.
Disruptive fees. Precision execution. No-brainer.
Options trading is not suitable for all investors. Fees and charges may apply.
Cut the high fees, not your Sharpe ratio.
See what 100 equity options contracts spread across 4 legs costs across major brokers.
Broker | Contract fees (per contract, per side) | Cost per contract (round trip)* | Total cost |
TradeStation (Tier 4) | $0.00 | $0.16 | $16.00 |
Interactive Brokers (Top Tier) | $0.15 | $0.46 | $46.00 |
TastyTrade (Fixed) | $1.00** | $0.56 | $56.00 |
Charles Schwab (Fixed) | $0.65 | $1.46 | $146.00 |
Fidelity (Fixed) | $0.65 | $1.46 | $146.00 |
Competitor data sourced from their publicly available websites as of 01/28/2026 and is subject to change at any time without notice.
*Includes regulatory & exchange fees. Actual amounts for regulatory & exchange fees vary by product and exchange.
**TastyTrade charges a flat fee on open with no closing fee and caps fees at $10 per leg.
Those great prices above? New accounts start there. Limited time only.
Get the same prices our most active traders pay. For a limited time, new accounts can trade options at just $0 per leg.
No volume threshold. Just our best pricing, from your very first trade.
Plus, earn up to $3,500 in cash rewards*.
No volume threshold. Just our best pricing, from your very first trade.
Plus, earn up to $3,500 in cash rewards*.
Advanced options trading tools with reliable execution
The advanced ecosystem built for natural-born traders
Your trades deserve an execution platform rooted in precision and customization
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Scalable pricing designed for active options traders
Find great value beyond our advanced trading platform
U.S. customers can trade options with scalable pricing²:
- Single-leg as low as $0 per contract
- Multi-leg as low as $0 per contract
- Index options as low as $0.60 per contract
- Margin lending starting at 11.75%
Non-U.S. clients can trade U.S. options with competitive rates²:
- Single-leg as low as $5 + $0.10 per contract
- Multi-leg as low as $5 + $0.05 per contract
- Index options as low as $5 + $0.60 per contract
- Margin lending starting at 11.75%
Design your data package for your options strategy, not the other way around
What’s included?
- CBOE Indices Real-Time Data
- OPRA Real-Time Data
- NYSE American Real-Time Level 1
- NASDAQ Real-Time Level 1
- NYSE Real-Time Level 1
- OTC Markets Delayed Level 1
Available extras
- Enhanced Market Depth Package
- S&P Indices Package
- Russell Indices Package
- Dow Jones Indices Package
- NASDAQ Real-Time Level 2
- OTC Real-Time Level 2
- BATS and Direct Edge Books Data
- NASDAQ BX TotalView Data
- ARCA Book Data
Satisfy your thirst for more knowledge
Find new potential corners of the market to conquer with fresh ideas. Strengthen your strategic playbook with our Options Education Center.
Discover complex options strategies with our exclusive video series
Access valuable insights on managing returns with bull call spreads, buying stocks potentially below market using options, and implementing income strategies with weekly options.
Fill out the form below to gain the knowledge to use these powerful strategies and get ready to take your options trading to the next level.
*This limited-time offer is available to new retail, U.S. domestic, non-IRA TradeStation Securities, Inc. (“TradeStation”) accounts that deposit qualifying net-new external assets of at least $5,000 within 30 days of account opening (“Eligible Accounts”). Eligible Accounts will receive promotional pricing and may also receive a cash reward as detailed below.
Promotional Pricing: Eligible Accounts will receive Tier 4 pricing (“Promotional Pricing”) for the month the account funds and the following two calendar months (“Promotional Pricing Period”). After the Promotional Pricing Period ends, standard pricing will apply. See https://tradestation.com/pricing/ for more details on Tier 4 pricing and standard pricing. Futures and futures options traded through the FuturesPlus platform, sub-dollar and non-NMS trades, including most OTC trades, third-party trades, direct-routed trades, delegated trades, externally executed trades, and trades executed through non-TradeStation applications are excluded from Promotional Pricing. Additional commissions and fees may apply to FuturesPlus platform trades, sub-dollar and non-NMS trades, direct-routed trades, delegated trades, externally executed trades, certain trades depending on asset type, routing method, and account status, direct routing, clearing and international tickets, market data, and premium services. For exchange-traded equity orders executed below $1.00 per share, and for all OTC equity executions, the commission charge will be $0.005 per share, with a minimum commission charge of $1.00 per executed order and a maximum commission charge of $50.00 per executed order, both of which are subject to a cap of 5% of the notional value of the executed order. The execution of any direct-routed equity order will incur an additional commission charge of $0.005 per share. For more information on applicable charges, consult the online Fee Schedule or contact the Client Experience team.
Cash Reward:Eligible Accounts may receive a cash reward if they maintain the minimum required funding of at least $5,000 in net-new external assets (“Funding Requirement”) from 30 days after account opening to 270 days after the funding date (the “Qualification Period”). Whether the Funding Requirement is met is calculated using the initial deposit of net-new cash and/or securities less any cash or securities withdrawn during the Qualification Period (“Qualifying Assets”). Trading profits or losses and account charges will not reduce or increase the amount of Qualifying Assets. The Eligible Account must remain open and in good standing throughout the Qualification Period. The cash reward will be applied to the Eligible Account within the first 10 business days following the end of the Qualification Period.The cash reward will be determined based on Qualifying Assets as follows: $5,000 – $24,999 – cash reward of $50; $25,000 – $99,999 – cash reward of $150; $100,000 – $249,999 – cash reward of $500; $250,000 – $499,999 – cash reward of $1,000; $500,000 – $999,999 – cash reward of $2,000; $1,000,000 or more – cash reward of $3,500. The cash reward will be applied as a credit to the Eligible Account.
TradeStation is under no obligation to open or continue to maintain any account for any customer. Additional restrictions may apply. This offer is not combinable with any other offer. TradeStation reserves the right to modify or terminate this offer or change the terms and conditions at any time.
Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.tradestation.com/DisclosureOptions. Visit www.tradestation.com/pricing for full details on the costs and fees associated with options.
† Visit TradeStation.com/Awards for details.
¹Statistics provided by S3 Matching Technologies LP, an independent company that is not affiliated with TradeStation Securities Inc. Data shown for Q1 2026 calendar year.
²Fees and charges may apply. Visit www.TradeStation.com/pricing to learn more about all the fees and charges that may apply.
Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com/DisclosureMargin.
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