The best options trading platforms in Australia 2026

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

Australia's best options trading platforms

• Best overall options trading platform: Interactive Brokers Australia
• Best for low fee US options trading: Moomoo Share Trading
• Best for ETO traders: CMC Invest
• Best for full-service broker support: Capital 19
• Best for mobile trades: Webull

Finder Score	AU Trading Fee	US Trading Fee	Asset Class
Best overall options trading platform
9.3 Excellent Interactive Brokers Australia Finder Award	9.3 Excellent	$5.00	US$0.35	ASX shares, Global shares, Options trading, US shares, ETFs	View details Compare product selection Compare	loading	Why we like it 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. Pros & cons Pros Low options trading fees Low brokerage fees for global stock trading Advanced trading tools Cons Trader Workstation may be too complex for some Confusing fee structure Some features may be complicated for new traders
Best for low fee US options trading
9.6 Excellent Moomoo Share Trading Finder Award	9.6 Excellent	$3.00	US$0.99	ASX shares, Global shares, Options trading, US shares, ETFs	Welcome offer: Enjoy 30 days of $0 brokerage on AU and US stocks and receive up to 38 free shares when you open and fund a new account. Expires on 30 June 2026. T&Cs apply.	$100 RewardT&Cs apply T&Cs apply Go to siteView details Compare product selection Compare	loading	Why we like it Moomoo earns a place on our list of top options trading platforms because it offers competitive fees for US options contracts. You can practice trading on the demo account and access tools, including AI-driven technical analysis charts. New eligible customers who place their first options trade may also qualify for brokerage-free credit offers, subject to terms and conditions. Pros & cons Pros Demo account available Advanced trading tools with 60+ indicators AI-driven technical analysis charts 24/7 market content and customer support Cons No EU options trading
Best for ETO traders
9.9 Excellent CMC Invest Finder Award	9.9 Excellent	$0.00	$0.00	ASX shares, Global shares, Options trading, US shares, mFunds, ETFs, Cryptocurrencies	Go to siteView details Compare product selection Compare	loading	Why we like it 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. Pros & cons Pros $0 brokerage Conditional orders Quality research tools Technical analysis tools Cons Limited global markets Higher options fees No US options
Best for full-service broker support
6.6 Standard Capital 19	6.6 Standard	$15.00	US$20.00	ASX shares, Global shares, Options trading, US shares, ETFs	View details Compare product selection Compare	loading	Why we like it 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. Pros & cons Pros Specialist tools Advanced trading tools Cons Fees aren't the most competitive
Best for mobile trades
9.8 Excellent Webull Finder Award	9.8 Excellent	$1.00	$0.00	ASX shares, Global shares, Options trading, US shares, ETFs, Cryptocurrencies	Welcome offer: Receive 5 US fractional shares by depositing or transferring AUD$500 or more into a new account. 2% cashback is also available to those who provide additional funding and execute a trade in the US market. Expires on 30 June 2026. T&Cs apply.	$100 RewardT&Cs apply T&Cs apply Go to siteView details Compare product selection Compare	loading	Why we like it Webull is a solid all round platform that includes low-cost US options trades and crypto trading. It 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. Pros & cons Pros Low-cost US options trades Access to stocks from Australia, US, China (A-Shares) and Hong Kong Demo account available Quality technical analysis tools Cons Fewer markets available than some other platforms No ASX options trading Zero commission stock trades are introductory only

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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 are the 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.

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

Journalist

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

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Frequently asked questions

• Do all share trading apps allow me to place trades?

  There are many great apps that do not allow you to place trades but still offer a wide range of useful features for Australian share market investors, such as share market news, company reports, financial analysis and much more. However, all the apps listed above do allow you to place trades.

• Are share trading apps free?

  Most share trading apps are available for free to customers of online share trading platforms. However, you may need to pay an ongoing membership fee when you sign up to the online trading platform.

Written by

Kylie Purcell

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 188 Finder guides across topics including:

• Investment strategies
• Financial platforms
• Stockbrokers
• Robo advisors
• Exchange traded funds (ETFs)
• Ethical investing
• ASX stocks
• Stock and forex markets