The best options trading platforms in Australia 2026

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

Kylie Purcell's headshot

By

Kylie Purcell

Updated

Fact checked
Ready to start trading options? Compare online brokers
4.6 based on 835 reviews

Key takeaways

  • Interactive Brokers provides extensive tools and competitive options fees, starting from $1 for AU and US$0.35 for US trades.
  • For low-cost US options, Moomoo offers trades from US$0.99 with a demo account and AI-driven analysis.
  • Options trading carries substantial risk; utilise demo accounts provided by platforms like Moomoo or Webull to practice skills.

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 logo
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

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

  • 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

Moomoo logo
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 your account and complete qualifying tasks. Offer ends 30 Nov 2026. T&Cs apply.
Go to siteView details
Compare product selection

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

  • 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

CMC Invest logo
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

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

  • $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

Capital 19 logo
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

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

  • Specialist tools
  • Advanced trading tools

Cons

  • Fees aren't the most competitive

Best for mobile trades

Webull logo
9.8 Excellent
Webull
Finder Award
9.8 Excellent
$1.00
$0.00
ASX shares, Global shares, Options trading, US shares, ETFs, Cryptocurrencies
$150$150 Reward

Finder Rewards: Join Finder then sign up to Webull as a new customer, deposit at least $2,000 in a single transaction and place at least 1 BUY order for a US-listed stock or ETF to receive a $150 digital Visa gift card. Ends 2 Dec 2026. T&Cs apply.

Bonus offer: Get up to 25,000 bonus Qantas Points on eligible Webull deposits and share transfers by 31 Jan 2027. Plus, earn monthly points on your international trades. T&Cs apply.
Go to siteView details
Compare product selection

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

  • 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
loading

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 price 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

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

Kylie Purcell's headshot
Written by

Investments Analyst
Add to Preferred Sources

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 166 Finder guides across topics including:
  • Investment strategies
  • Financial platforms
  • Stockbrokers
  • Robo advisors
  • Exchange traded funds (ETFs)
  • Ethical investing
  • ASX stocks
  • Stock and forex markets
More resources on Finder

Get rewarded $$ for switching with Finder Rewards

Find a better deal, save on your bills and get a free gift card. Sign up to be the first to hear about new Finder Rewards.

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

2 Responses

    Heather's avatar
    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.

More guides on Finder

Go to site