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Can You Trade Options At Interactive Brokers?

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Options represent an excellent way to generate revenue, boost your portfolio’s leverage and diminish your risk. Options strategies are versatile and can be simple or complex. Interactive Brokers allows its customers to trade options.

This article discusses the strengths and weaknesses of trading options at Interactive Brokers.

Trading Options at Interactive Brokers

Interactive Brokers is a leading online broker with access to numerous assets. This brokerage firm has 33 options markets available.

Interactive Brokers Saxo Bank TradeStation Global
Options markets (#)332333

It is a top choice for professional investors who understand the risk linked to options trading. Verify our in-depth reviews to read about options trading and brokers.

Options Trading Fees at Interactive Brokers

Interactive Brokers has a transparent fee structure. The average fee for a transaction with 10 options contracts for US Stocks is $6.5.

Interactive Brokers Saxo Bank TradeStation Global
US stock options$6.5$30.0$15.0
US stock index options$6.5$30.0$15.0
UK stock index options$23.8$42.0$21.0
German stock index options$13.2$48.0$18.0

Keep in mind that not all brokers have similar cost structures. Some charge additional fees for opening and closing transactions. Read our in-depth reviews to learn more about options trading and fees.

Final Word

Interactive Brokers is a good choice for traders looking forward to trade options. Trading comes with advantages and disadvantages depending on your trading style and experience. Check our in-depth reviews to discover insights on brokerage firms and their portfolio.

Interactive Brokers compared to other brokers:


Methodology 

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.

Disclosure

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.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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