The best options trading platforms in Australia 2025

We've compared the fees and features of 40 trading platforms to find the best picks for options traders in Australia.

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By

Kylie Purcell

Updated

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While options trading is hugely popular in the United States thanks to platforms like Robinhood, it's still a relatively untapped space for retail investors in Australia. That's quickly changing as more options trading platforms enter the scene offering costs that are lower than ever.

If you're already familiar with options trading, you can find our list of the top Australian trading platforms (and why we picked them) below:

Best options trading platforms in Australia for 2025

These are the 5 best options trading platforms, according to Finder's latest analysis of 40 platforms on things like fees, available markets, trading tools and more:

  1. Interactive Brokers (Finder Award winner)
  2. Moomoo
  3. CMC Markets Invest
  4. Capital 19
  5. Webull

If you want to learn more about how to trade options, you can check out our full guide to options trading in Australia.

Alternatively, at the time of writing, Tiger Brokers and Totality (formerly Saxo) offer great demo account options to get you started before trying the real thing.

Australia's best options trading platforms

1. Interactive Brokers Trader Workstation: Best overall options trading platform (Finder Awards 2025)

Interactive Brokers Australia logo
5/5 ★★★★★
Compare Read review
Capital at risk
Low brokerage for ASX and global stocks
Low currency conversion fee
High quality trading features
Interactive Brokers was named Finder's best platform for options trading in 2025. Along with the most extensive list of trading tools we've seen, IB has some of the lowest fees and multiple account options to appeal to any investor. Interactive Brokers offers options on Australian, US, Canadian and Mexican stocks with trade fees starting from just $1 per order. It has the cheapest fees we've seen in Australia for Australian and US options combined.
  • Low options trading fees.
  • Low brokerage fees for global stock trading.
  • Advanced trading tools.
  • Trader Workstation may be too complex for some.
  • Confusing fee structure.
  • Some features may be complicated for new traders.
Brokerage fee per trade:
AU stocks: $5 or 0.08% (whichever is greater) for trade values up to $3,000,000
US stocks: US$0.0035 cents per share capped at 1.0% of trade value
UK stocks: £1.00 or 0.050% (whichever is greater) for trade values up to £40,000,000
Options:
AU: $0.33/contract, min $1.10
US: US$0.25 - US$0.65/contract, min US$1.00
Inactivity fee: $0
Currency conversion fee: 0.20% (Flat US$2 for transactions below $10,000 or 0.2% for amounts above $10,000)

2. Moomoo: Our pick for low fees US options trading

Moomoo Share Trading logo
4/5 ★★★★★
Go to site Read review
Capital at risk
$3 brokerage for CHESS stocks
Trade ASX, US and HK stocks
Advanced trading tools
Moomoo is quickly making a name for itself in Australia thanks to its low fees and great trading features. It earns a place on our list of top options trading platforms because it offers the lowest fees for US options contracts that we've seen. We also like that you can practice trading on the demo account and you get access to top notch tools, such as their AI-driven technical analysis charts.
  • Specialist tools
  • Advanced trading tools
  • Fees aren't the most competitive
Brokerage fees:
AU stocks: $3 or 0.03% of transaction value (GST inclusive), whichever value is larger
US stocks: US$0.99
UK stocks: Not available
ETF brokerage fees:
AU ETFs: $3 or 0.03% of transaction value (GST inclusive), whichever value is larger
US ETFs: US$0.99
Options:
ASX: Not available
US: US$0.5 for fixed plan and US$0.35-$0.65 for tiered plan
Inactivity fee: $0
Currency conversion fee: 55 pips or 0.0055 AUD/USD

3. CMC Invest: Our pick for ETO traders

CMC Invest logo
5/5 ★★★★★
Go to site Read review
Capital at risk
$0 brokerage for global stocks
$0 brokerage on ASX (CHESS) buy orders
Sophisticated research tools
CMC Invest is a feature rich platform that offers Australian exchange traded options (ETOs), ASX (CHESS) stocks and global shares. While the fees to trade ASX options are fairly average ($33 brokerage), you get access to technical tools, stock analysis, watchlists and stock filters. You can also trade CFDs on forex, commodities, indices and stocks when you open a CFD account.
  • $0 brokerage. CMC charges no commissions to trade global stocks and on purchase orders of up to $1,000 for ASX stocks.
  • Conditional orders. Along with market and limit orders, you can place a range of conditional orders to fine tune your strategy.
  • Research tools. You get access to top quality research and filtering tools to help you find new opportunities.
  • Technical analysis tools. You can build your own charts with CMC's technical analysis suite.
  • Limited global markets. Only 4 global markets are commission-free to trade. Others are $59 per trade in brokerage.
  • Options fees. CMC's fees for ETO trades aren't the lowest on the market.
  • No US options. You'll have to sign up with a different platform to trade US options.
Brokerage fees:
AU stocks: $0 brokerage (for buy orders up to $1,000) and $11 or 0.10% (whichever is greater) for all other buy and sell orders.
US stocks: US$0
UK stocks: £0
ETF brokerage fees:
AU ETFs: $0 brokerage for trades up to $1,000 (applied to the first buy order per ETF per day). $11 fee for trades up to $10,000. $15 fee for trades equal to or greater than $15,000.
US ETFs: US$0
Options:
ASX: $33/contract
US: Not available
Other markets available: Details here
Inactivity fee: $0
Currency conversion fee: 0.60% of trade value

4. Capital 19: Our pick for full-service broker support

Capital 19 logo
4/5 ★★★★★
Compare Read review
Capital at risk
Expert advice
Advanced platform
Real time charting

Capital 19 is one of the rare retail brokers that offers both Australian and US options trading. As a full-service broker, it also offers individual support from advisors to help you grow your trading skills and knowledge. Along with detailed portfolio reporting and advanced trading options, it's a good place for any would-be options trader.

However, the fees are more expensive than others out there. You'll pay on the higher end for both Australian ETOs and US options. Pick Capital 19 if you want the extra support and don't mind paying for it.

  • Specialist tools
  • Advanced trading tools
  • Fees aren't the most competitive
Brokerage fee per trade:
AU stocks: $15 (trades up to $10,000); 0.15% (trades above $10,000)
US stocks: US$20 (trades up to 1,000 shares); US$0.02 per share (trades above 1,000 shares)
AU contracts: $30 (up to 15 contracts); $2 per contract (more than 15 contracts)
US contracts: US$15 (up to 7 contracts); US$2 per contract (more than 7 contracts)
AU futures: $10 per contract
US futures: US$10 per contract

Inactivity fee: $0

5. Webull: Best for mobile trades

Webull logo
4/5 ★★★★★
Go to site Read review
Capital at risk
Advanced technical tools
ASX (CHESS-sponsored) and global stocks
US options trading
Webull is a solid all round platform that includes low-cost US options trades and crypto trading. It recently won Finder's best mobile trading app award for 2025 and using the app, it's not hard to see why its so popular with users. It's relatively easy to place options trades via the app, while still offering a good range of features and charts so you can make an informed decision. Useful features include extended trading hours, technical analysis charts and probability analysis tools.
  • Low-cost US options trades
  • Access to stocks from Australia, US, China (A-Shares) and Hong Kong
  • Demo account available
  • Quality technical analysis tools
  • Fewer markets available than some other platforms
  • No ASX options trading
  • Zero commission stock trades are introductory only
Brokerage fee per trade:
AU stocks: $0.0003 X trade value (min $1.00)
US stocks: US$0.00025 X trade value (min $1.00)
UK stocks: Not available
Other markets available: Details here
ETF brokerage fees:
AU stocks: $0
US stocks: US$0
UK stocks: Not available
Other markets available: Details here
Options:
ASX: Not available
US: US$0.50
Inactivity fee: $0
Currency conversion fee: 50 bps of trade value

How we picked the best options trading platforms

We think the best options trading platforms in Australia offer low fees and advanced tools. However, the best platform for you will depend on your trading style and which markets you prefer to trade in. While most traders in Australia trade ASX-listed options, US stock options are also becoming more popular here and can be cheaper.

The options trading accounts featured below are the 5 highest rated according to our latest analysis. Finder's proprietary algorithm rates platforms highly if they have the following features:

  • Low options trading fees
  • Available on desktop and mobile
  • Technical analysis charts
  • Conditional orders
  • Margin trading
  • News feed
  • Broker analysis
  • Support options

While Finder has commercial deals with some online brokers, this does not impact the final selection of brokers. Our algorithm considers the fees and features of all stock trading platforms and narrows down the winners regardless of Finder's partnership deals.

For more information on how we rate platforms, you can check out our methodology page. Bear in mind that the brokers displayed on this page may not always be best for you and we encourage you to do your own research.

What is options trading?

Options trading is a financial strategy where traders buy and sell contracts providing the right, but not the obligation, to buy or sell an asset at a predetermined price before or at the expiry date.

Traders use options contracts for a few main purposes:

  1. To speculate on the future price movements of stocks or other assets without having to buy the underlying asset
  2. To hedge against another trading position or holding
  3. To add leverage to their trades

When you buy an options contract, you're either speculating on the price of an asset going up (a "call option") or down (a "put option") during a specific timeframe. If the asset hits the pice specified in the contract (the "strike") it is considered "in the money" and can be executed. If it doesn't reach that price, the contract expires at the specified date.

It's also possible to sell an options contract before it either reaches the strike price or expiry date, and many traders do exactly that as a way to lock in profit without having to buy the underlying asset.

Thomas Stelzer's headshot
Our expert says: Before you start options trading

"Options trading can be a lucrative and flexible way to trade the market, but it comes with unique risks, including the chance of losing your capital. As such, options trading is suited to more experienced traders. If you're looking to get started, it might be worth using a free demo account to familarise yourself with options before committing real money."

Thomas Stelzer's headshot
Journalist
A phone screen displaying stock charts.

Share trading updates: December 2025

Gold and silver prices are continuing to soar, sending ASX gold and silver stocks to new record highs. Gold heavyweights Northern Star Resources (ASX:NST) is up 36% in the last 6 months, Evolution Mining (ASX:EVN) has risen 54% and Newmont Corporation (ASX:NEM) is up over 70%. Meanwhile silver stocks Andean Silver Ltd (ASX:ASL) and Silver Mines Ltd (SVL) have rocketed over 90%.

Also read: Gold hits another record - too late to buy in?

Compare your brokers

4 of 17 results
Updated regularly
Finder Score Monthly fee Options trading fee Standard brokerage fee Rewards
Finder Score
9.6 Excellent
$0
US$0.50
US$0.99
ENDS SOON!
$100
$100
VISA CARD REWARD
1
Join Finder
2
Sign up to Moomoo and make a trade
3
Get card from Finder
Ends by. T&Cs apply.
Invest across US, ASX (CHESS-sponsored) and Asian markets, with options trading and social trading features.
Go to siteMore info
Compare product selection
Finder Score
9.8 Excellent
$0
US$0.50
$1.00
Trade over 3,300 Australian and US ETFs with $0 brokerage.
Go to siteMore info
Compare product selection
Finder Score
9.9 Excellent
$0
$33
$0
Trade over 45,000 shares and ETFs from Australia and 15 major global markets. Plus, buy Aussie shares or ETFs for $0 brokerage up to $1,000 (First buy order of each security, each day - excludes margin loan settled trades).
Go to siteMore info
Compare product selection
Tiger Brokers logo
Finder Score
9.3 Excellent
Tiger Brokers
Finder Award
Finder Score
9.3 Excellent
$0
US$3
US$2
ENDS SOON!
$120
$120
VISA CARD REWARD
1
Join Finder
2
Sign up to Tiger Brokers and make a trade
3
Get card from Finder
Ends by. T&Cs apply.
Trade US, Asian and CHESS-sponsored ASX stocks and US options.
Go to siteMore info
Compare product selection
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Finder Score for share trading platforms

We've scored over 30 share trading platforms assessing them for their core features, fees, customer experience and accessibility. Our experts give each platform a score out of 10.

Read the full methodology

Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

How to invest in stocks

0:58

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

Sources

Kylie Purcell's headshot
Written by

Investments Analyst

Kylie Purcell is an experienced investments analyst and finance journalist with over a decade of expertise in a wide range of financial products, including online trading platforms, robo-advisors, stocks, ETFs and cryptocurrencies. She is a sought-after commentator and regularly shares her insights on the AFR, Yahoo Finance, The Motley Fool, SBS and News.com.au. Kylie hosts the Investment Finder video series and actively contributes to the investment community as a judge and panellist. She holds a Master of Arts in International Journalism, a Graduate Diploma in Economics, and ASIC-recognised certifications in securities and managed investments. See full bio

Kylie's expertise
Kylie has written 208 Finder guides across topics including:
  • Investment strategies
  • Financial platforms
  • Stockbrokers
  • Robo advisors
  • Exchange traded funds (ETFs)
  • Ethical investing
  • ASX stocks
  • Stock and forex markets
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2 Responses

    Default Gravatar
    HeatherSeptember 20, 2023

    Is Trade Safe a reputable trading platform?

      Kylie Purcell's headshotFinder
      KylieSeptember 26, 2023Finder

      Hi Heather, I’m afraid I can’t find any details on this specific trading platform which is a red flag in itself. Before signing up to any trading platform make sure it holds an AFS license and is regulated by ASIC. This will ensure you’re protected under Australian laws.

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