The best options trading platforms are PocketOption, TradeStation, TD Ameritrade, Charles Schwab, and Interactive Brokers. eTrade has the best overall offer for options trading. TradeStation offers the best desktop options platform. Interactive Brokers has the best offer for professional options traders.
Each options trading platform has advantages and disadvantages. This article discusses the best options trading platforms.
Top 5 Trading Platforms for Binary Options trading UAE
- Pocket Option – Best overall options trading platform
- TradeStation – Best desktop options platform
- TD Ameritrade – Best options trading tools
- Charles Schwab – Unique order type for trading options
- Interactive Brokers – Best for professional options traders
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||Pocket Option||Beginner-friendly apps and research tools||4.7/5||Overall options trading||Official website|
|#2||TradeStation||Award-winning platforms||3.7/5||Desktop options platform||Official website|
|#3||TD Ameritrade||Comprehensive learning tools||4.7/5||Options trading tools||Official website|
|#4||Charles Schwab||Best offer for long term investments||4/5||Unique order type||Official website|
|#5||Interactive Brokers||Offers premium services||4.9/5||Best for professionals||Official website|
Top 5 Options Trading Platforms in UAE reviewed
01. Pocket Option: Best Overall Options Trading Platform
Pocket Option is a regulated options broker with a scam-free history. Their trading platform is intuitive and easy to use, account opening is fast and simple. Users can buy and sell options on more than 130 different assets including stocks, currency pairs, cryptos and fund their account using a wide variety of payment methods. The minimum trading size is $1.
Read the full Pocket Option review
02.TradeStation: Best Desktop Options Platform
TradeStation is a technology leader with some of the best day trading platforms. It offers $0 stock and ETF trades. TradeStation has many account tiers to suit all trading styles.
This broker offers three trading platforms suitable for day trading. It has an industry-leading desktop platform with outstanding tools and learning materials.
03. TD Ameritrade: Best Options Trading Tools
TD Ameritrade is a popular online broker with a dedicated learning center. It has straightforward platforms for day trading investors.
This broker offers two mobile apps and a desktop-based platform. All its platforms are customizable and provide easy access to many trading tools. TD Ameritrade is a top choice for new traders as it has many videos and tutorials.
04. Charles Schwab: Unique Order Type For Trading Options
Charles Schwab offers a full-service brokerage. It is the pioneer in the industry in terms of fees because it has eliminated many common fees. It removed the ETF and equity commissions once the founder’s book: “Invested” appeared. Charles Schwab owns both TD Ameritrade and the USAA’s Investment Management Co.
Schwab’s flagship downloadable trading platform, StreetSmart Edge, provides most of what options and day traders need. Schwab’s All-in-One Trade Ticket, alongside Walk Limit, are both excellent.
05. Interactive Brokers: Best Day Trading Platform For Professionals
Interactive Brokers is a leading provider of premium services and tools. It has many research and learning tools for experienced investors.
This broker offers a premium day trading experience. It has market data, charting, and many other tools. Interactive Brokers uses premium technology to provide the best trading experience.
What Kind of Markets Should Your Options Broker Cover?
As mentioned above, binary options allow traders to trade on a range of different markets. One advantage of trading binary options is that you don’t buy or sell an actual asset. You only buy a contract that suggests how that market will perform over time. This reduces your risk. The markets available on our list of top brokers are:
- Indices options – Stock indices from the OTC market
- Forex options- Major and minor pairs (check the best forex options brokers)
- Volatility indices – synthetic indices
- Commodities – all precious metals and energy
Indices allow you to trade stocks with real-time pricing and charts.
Volatility indices might be a bit more obscure for some traders. These are synthetic indices that mimic the behavior of real world stocks in the market. They’re based on a cryptographic number generator, that’s audited by a third party. You can trade these indices on all three main trade types, and there are two classes available – continuous indices, and daily reset indices.
For those interested in sticking to the markets that they already feel familiar with, Forex is often a good option. With Forex, you can trade on contracts about minor and major currency pairs, as well as smart forex indices.
Finally, the other option you can consider is commodities. Most of our recommended platforms offer the option to trade contracts on all four of the most common precious metals, including palladium, silver, gold, and platinum. There is also a list of energy options available too.
How To Pick An Options Broker?
Choosing an options broker might be a challenging task. It is best to research and read about online brokers and their services. The main aspects you should consider are your needs, expectations, and goals. Remember that you shouldn’t invest too much capital if your financials don’t allow it.
The top criteria to consider when picking an options broker are:
- Trading fees
- Trading style
- Money you are willing to invest
Investing comes with some risks, so it is best to choose a broker with top-tier regulations. Read our in-depth reviews to learn more about online brokers and options trading.
What Is Options Trading?
An option represents a contract that offers the owner the right to buy or sell an asset at a specific price with a specific expiration date. Their value is established by the relationship between the underlying asset value, expiration date and market volatility.
Pocket Option, TradeStation, TD Ameritrade, Charles Schwab, and Interactive Brokers have the best options trading platforms. Our top choice is eTrade, as it has the best options trading platform. TradeStation has the best desktop platform for options trading. Interactive Brokers provides a premium trading experience with professional tools.
We review options trading platforms with real money and accounts. We use 105 criteria, including safety, platforms, and tools.
What is a put option?
A put is used by traders who want to place a bet on a stock as they think the stock price will decrease. Purchasing a put offers the freedom to sell shares of a stock at the strike price before the expiration date.
What is a call option?
A call option is used by traders who want to place a bet that the stock value will go up. Purchasing a call will offer you the freedom to sell the shares of a stock at the strike price before the expiration date.
Is There A Minimum Deposit To Trade Options?
Each online broker has a distinct fee structure. Most brokerage firms have a minimum deposit fee of less than $1000 for level 1 options trading. Read our in-depth reviews to discover insights on brokers and their fee structure.
Is options trading risky?
Yes, options trading is risky. It is a leveraged investment that comes with risks. Access to learning materials and research tools is vital when choosing a trading platform. Read our in-depth reviews to learn more about online brokers and trading.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.
Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.
Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
- 1 Top 5 Trading Platforms for Binary Options trading UAE
- 2 Top 5 Options Trading Platforms in UAE reviewed
- 2.0.1 01. Pocket Option: Best Overall Options Trading Platform
- 2.0.2 02.TradeStation: Best Desktop Options Platform
- 2.0.3 03. TD Ameritrade: Best Options Trading Tools
- 2.0.4 04. Charles Schwab: Unique Order Type For Trading Options
- 2.0.5 05. Interactive Brokers: Best Day Trading Platform For Professionals
- 2.1 What Kind of Markets Should Your Options Broker Cover?
- 2.2 How To Pick An Options Broker?
- 2.3 What Is Options Trading?
- 2.4 Final Verdict
- 2.5 FAQ