Options are derivative contracts that give you the right to buy or sell an underlying asset at a certain price on or before a set date. As well as allowing investors and companies to hedge against price swings, options contracts are a popular way to speculate on market movements and can be used as tradeable assets in their own right.
Our experts have evaluated and compared dozens of options brokers. To find the best brokers for options trading, we considered:
- The commission on options contracts
- The markets you can trade
- The quality of the options trading platform
- The leverage and margin rates available
- The broker’s regulatory status and reputation
List of Best Options Brokers 2026
These are the 6 best options brokers in Iraq based on our tests:
-
- Demo account
- Platforms: WebTrader, App
- Min. deposit: $100
81% of retail CFD accounts lose money. -
- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
-
- Demo account
- Instruments: Stocks, Options, ETFs, ADRs, OTCs
- Regulator: SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC
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- Demo account
- Instruments: Stocks, ETFs, Options, Pink Sheets, Warrants
- Regulator: SEC, FINRA, CIRO, AFM, SCB
-
- Demo account
- Regulator: FCA, ASIC, CySEC, SCA, SCB, CMA-Kenya
- Platforms: Web Platform, MT4, TradingView
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- Regulator: SEC, FINRA
- Platforms: Firstrade Invest 3.0, TradingCentral
- Min. deposit: $0
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- Plus500 4.1/5 During our tests, Plus500 offered streamlined options trading via an easy-to-use platform with rapid execution. While the range is limited to CFDs on forex options, costs are embedded in tight spreads. No commissions, low minimum deposit, and strong regulation make it accessible for casual and mobile-focused options traders.
- IG 4.8/5 When we tested IG’s options trading, the platform stood out for its tight spreads (as low as 0.1 points on major indices), robust execution, and deep range - covering thousands of global options. Low minimum trade sizes, superb regulation, and seamless mobile/web usability make it ideal for active and cost-conscious options traders.
- Moomoo 3.2/5 When we tested Moomoo’s US options, the platform impressed with $0 commission on equity options and just $0.50 per index contract. It supports 13 strategies, real‑time Level 2 data (with $100 avg. balance), and fast execution. FCA/SEC regulation, low deposits, but note: options positions cannot be transferred out once opened, which users reported as restrictive during our live trades.
- TradeZero 3.8/5 TradeZero is a stock and ETF broker established in the Bahamas in 2015. Though the global entity is regulated offshore, the US subsidiary is overseen by FINRA with SIPC registration. The powerful proprietary trading software makes it a popular choice for active day traders.
- Capital.com 4.0/5 Established in 2016, Capital.com initially focused on CFDs across forex, indices, stocks, commodities, and crypto, aimed squarely at active traders. Over the years it has added more instruments, obtained multiple regulatory licenses, improved its charting tools, and introduced an 1X account that lets you trade without using margin (borrowed funds), now catering to a diverse mix of traders worldwide.
- Firstrade 4.0/5 When we tested Firstrade, its options trading stood out with zero commissions and no contract fees. The platform supports advanced strategies with intuitive tools and a $0 minimum deposit. SEC and FINRA-regulated, Firstrade suits beginners and experienced traders seeking low-cost, flexible options access on desktop and mobile.
Best Options Brokers 2026 Comparison
| Broker | Options Trading | Margin Trading | Trading Platform | Minimum Deposit | Regulator |
|---|---|---|---|---|---|
| Plus500 | ✔Yes | ✔Yes | WebTrader, App | $100 | FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI |
| IG | ✔Yes | ✔Yes | Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime | $0 | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB |
| Moomoo | ✔Yes | ✔Yes | Desktop Platform, Mobile App | $0 | SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC |
| TradeZero | ✔Yes | ✔Yes | TZ1, ZeroPro, ZeroFree, ZeroMobile, TradingView | $2,500 (US), $500 (International), $250 (Europe) | SEC, FINRA, CIRO, AFM, SCB |
| Capital.com | ✔Yes | ✔Yes | Web Platform, MT4, TradingView | $20 | FCA, ASIC, CySEC, SCA, SCB, CMA-Kenya |
| Firstrade | ✔Yes | ✔Yes | Firstrade Invest 3.0, TradingCentral | $0 | SEC, FINRA |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Plus500 | 20117 | ||||
| IG | 10157 | ||||
| Moomoo | 740 | ||||
| TradeZero | - | 3093 | |||
| Capital.com | 15207 | ||||
| Firstrade | 53 |
Plus500
Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources.
Christian Harris, Reviewer
Plus500 quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto
- Regulator
- FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI
- Platforms
- WebTrader, App
- Minimum Deposit
- $100
- Minimum Trade
- Variable
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, CZK
Pros
- Plus500 provides a specialized WebTrader platform designed explicitly for CFD trading, offering a clean and uncluttered interface
- In 2025 Plus500 added new share CFDs in emerging sectors like quantum computing and AI, offering opportunities in stocks like IonQ, Rigetti, Duolingo, and Carvana
- The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
Cons
- Plus500’s lack of support for MetaTrader or cTrader charting tools might be a deal breaker for advanced day traders looking for familiarity
- Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
- The absence of social trading means users can’t follow and replicate the trades of experienced traders
IG
IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.
Christian Harris, Reviewer
IG quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only)
- Regulator
- CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB
- Platforms
- Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
Pros
- The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading, while IG has also added TradingView integration.
- The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our 'Best Trading App' award.
- IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis.
Cons
- IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
Moomoo
Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees.
Jemma Grist, Reviewer
Moomoo quick facts
- Demo Account
- ✔Yes
- Instruments
- Stocks, Options, ETFs, ADRs, OTCs
- Regulator
- SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC
- Platforms
- Desktop Platform, Mobile App
- Minimum Deposit
- $0
- Minimum Trade
- $0
- Account Currencies
- USD, CAD, AUD, JPY, MYR, HKD, SGD, CNY
Pros
- There are reduced options contract fees from $0.65 to $0
- API Skills provides agentic investing to retail traders, whereby users can connect their personal AI agents like Claude or OpenAI to Moomoo's infrastructure to execute algo strategies in plain natural language
- The Moomoo AI assistant, found in the desktop software and app, provides genuinely useful market insights to inform active traders
Cons
- Moomoo has faced multiple regulatory penalties in recent years, including fines and orders in 2026 that stopped it temporarily accepting some Japanese and Chinese clients
- The account range is narrow compared to other brokerages in its class with no managed portfolios or robo-advisor solutions
- There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
TradeZero
TradeZero is best for experienced stock day traders, especially those trading momentum in small-caps or those chasing opportunities in pre- and after-hours sessions. It also suits short sellers needing hard-to-borrow locates and active options traders thanks to its direct routing tools and Level 2 data, though these typically require a paid platform subscription (ZeroPro or ZeroWeb).
James Barra, Reviewer
TradeZero quick facts
- Demo Account
- ✔Yes
- Instruments
- Stocks, ETFs, Options, Pink Sheets, Warrants
- Regulator
- SEC, FINRA, CIRO, AFM, SCB
- Platforms
- TZ1, ZeroPro, ZeroFree, ZeroMobile, TradingView
- Minimum Deposit
- $2,500 (US), $500 (International), $250 (Europe)
- Minimum Trade
- $1
- Account Currencies
- USD
Pros
- TradeZero Europe is bolstering its regional footprint and local trading services by now accepting clients in Belgium, Luxembourg, Norway, and Denmark.
- TradeZero’s 4:00 AM to 8:00 PM ET market access is excellent for those looking to capitalize on pre-market momentum and post-earnings volatility on U.S. equities.
- In our latest support tests, comprising 7 queries on different topics, 70% of responses arrived in under 5 minutes and 90% resolved the issue without follow-up.
Cons
- Shorting costs can escalate quickly because locate fees are variable, overnight borrowing is market-based (and higher than some brokers), and odd-lot shorts are rounded up to the nearest 100 shares for borrow charging.
- TradeZero is not suitable for traders seeking to build multi-asset portfolios, with no forex, no futures, no funds, no copy trading, and no modern funding options.
- It doesn't use a true 'no commission' model - free trading really applies to non-marketable limit orders of 200+ shares above $1, while marketable orders, OTC names, options, locates, borrow and data still add up fast. It charges a $0.99 flat fee on trades under 200 shares.
Capital.com
Capital.com is a great match for day traders with its thousands of CFDs, SmartFeed providing tailored market updates, and TradingView charts for advanced technical indicators paired with Capital.com’s fast and reliable order execution.
Christian Harris, Reviewer
Capital.com quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, ETFs, Crypto
- Regulator
- FCA, ASIC, CySEC, SCA, SCB, CMA-Kenya
- Platforms
- Web Platform, MT4, TradingView
- Minimum Deposit
- $20
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD, SEK, NOK, DKK, CHF, HKD, PLN, CZK, AED, HUF, MXN
Pros
- Capital.com’s SmartFeed curates news and market updates tailored to your watchlist and trading style. This proactive feature helps day traders stay on top of relevant events without feeling overwhelmed by generic market noise.
- Traders who prefer robust charting can connect their Capital.com account directly to TradingView. This lets you use TradingView’s advanced tools and community ideas alongside Capital.com’s execution, blending a popular charting platform with a regulated broker’s access.
- Capital.com offers a unique 1X CFD account option that lets you trade without leverage, though market risk still exists. This is great for beginners or cautious day traders who want exposure without the risks of margin or overnight fees, something few CFD brokers provide. Availability depends on jurisdiction.
Cons
- The broker’s research resources focus on educational content and in-house analysis but do not currently include third-party tools such as Trading Central, Autochartist, sentiment indicators, and professional-level screeners that some top competitors offer.
- While Capital.com supports MT4, it lacks MT5 integration, limiting access to advanced trading features, including additional timeframes, indicators, and order types.
- Capital.com offers primarily a standard CFD account and a professional account (subject eligibility) with higher leverage, but it lacks ECN/raw spread accounts or tiered pricing, which can limit trading flexibility for high-volume scalpers.
Firstrade
Firstrade is perfect for beginners looking to trade US stocks with zero commissions. There is a wealth of free education plus premium-quality research, notably through its latest FirstradeGPT tool, plus trading ideas from Morningstar, Briefing.com, Zacks and Benzinga.
William Berg, Reviewer
Firstrade quick facts
- Demo Account
- ✘No
- Instruments
- Stocks, ETFs, Options, Mutual Funds, Bonds, Fixed
- Regulator
- SEC, FINRA
- Platforms
- Firstrade Invest 3.0, TradingCentral
- Minimum Deposit
- $0
- Minimum Trade
- $5
- Account Currencies
- USD
Pros
- Improved platform offering in 2025 with Firstrade Invest 3.0, sporting a cleaner interface and faster order entry for active traders across key areas like watchlists and options chains
- One of the first brokers to add AI-powered analysis through FirstradeGPT
- Enhanced stock trading environment with overnight trading and fractional shares added
Cons
- Visa credit/debit card deposits and withdrawals are not accepted
- Firstrade focuses on stocks at the expense of forex, limiting diversification opportunities
- Customer support still needs work following testing, though 24/7 assistance has been introduced
Best Options Brokers For Beginners
These 3 options brokers are best for new traders with a low minimum deposit, a beginner-friendly platform and free education:
- Webull
- IG
- eToro USA
Best Options Brokers For Active Traders
These 3 options brokers are best for active traders with competitive fees, advanced tools and perks for high-volume traders:
- AvaTrade
- FOREX.com
- NinjaTrader
Cheapest Options Brokers
These 3 options brokers offer commission-free trading with no hidden charges:
- Webull
- SoFi Invest
- Firstrade
Best Options Trading Platforms
These 3 options brokers offer the best platforms with a user-friendly interface, reliable order execution and sophisticated analysis tools:
- AvaTrade
- eToro USA
- Firstrade
What To Look For In An Options Broker
To compile a list of the best brokers for options, we considered several key factors:
Low Commissions On Options Contracts
Most brokers charge a per-contract fee for options trading. To find the cheapest options brokers, we compared the commission per contract, which typically comes in at around $0.65 per contract. We also look for firms that offer discounts for high-volume traders.
Alongside direct trading fees, we consider non-investing charges. These can take the form of market data fees, regulatory charges, deposit and withdrawal fees, and inactivity penalties. Together, this gives us an objective view of the overall pricing.
A Range Of Tradable Markets
Options contracts can be traded on a range of underlying markets, from stocks and bonds to commodities and currencies. Importantly, the best brokers offer an array of options instruments, allowing traders to build a diverse portfolio.
We compare the underlying markets available to find the options brokers with the greatest breadth and depth in their product portfolio.
Regulated With A Good Reputation
Our team places the highest priority on safety so we always recommend picking an options broker that is regulated by a top-tier financial body. Using a regulated broker to trade options will help protect you from scams and provide security for your funds.
We verify the regulatory status of all the options brokers we review. To do this, we check the broker’s license number (often found at the bottom of the brokerage’s website) on the regulator’s register to confirm they are authorized and which countries they are allowed to accept options traders from.
Only regulated and trustworthy firms make our list of the best options brokers.
High-Quality Platform
The platform is your window to the financial markets and the tool where you can analyze instruments and execute trades. As a result, choosing a reliable, efficient and powerful platform is important.
Our team test the options platform available where possible, either by downloading the desktop software, opening the web trader, or using the mobile app. The key things we look for are a well-designed and easy-to-use interface, rich charting and analysis tools, and straightforward order management.
Margin
While some investors trade options with a cash account, many use a margin account so they can increase their buying power and prospective profits in return for a modest outlay.
Our team compare the margin requirements set by brokers, that is the funds or securities that must be deposited in your account as collateral. We also consider the cost of trading on margin, which is typically a percentage charge based on the amount you borrow.
Our Methodology
To find the best options brokers, our team spend thousands of hours each year, testing, comparing and rating firms.
The categories with the largest weighting in our options broker rankings are the fee per contract, the range of underlying assets, the quality of platforms, margin rates, and the firm’s regulatory credentials and safety record.
Our team also factor in the overall trading experience during the evaluation process to inform the final rating we assign to each options broker.
FAQ
Which Is The Best Options Broker?
We have compiled a list of the best options brokers in 2026. These are the 5 top options trading platforms in Iraq based on our experts’ findings.
What Is An Options Broker?
Options brokers give traders the ability to trade options contracts on the markets they support, such as US stocks. These derivative contracts give you the right to buy or sell the underlying asset for a set price on or by a certain date.
Article Sources
- An Investor's Guide to Trading Options, Virginia B. Morris, Bess Newman
- Trading Stock Options: Basic Option Trading Strategies and How to Use Them to Profit in Any Market, Brian Burns
- Option Trader's Playbook, Joseph Kellogg, John Elliot
- eToro - Options App
- AvaTrade - Options Platform
- Webull - Options Trading Conditions
- Forex.com - Options Trading Conditions
- IG - Options Trading Conditions
The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com