Options Broker

Options trading involves significant risk and is not appropriate for all investors. Options contract fees of $0.65 per contract apply to all equity options trades. Margin trading requires a minimum account balance of $2,000 and is subject to interest charges at Fidelity's current base margin rate of 10.575%, which is subject to change. SIPC protection covers securities accounts up to $500,000, including $250,000 for cash claims, but does not protect against market losses. Fidelity's zero-expense-ratio index funds (FZROX, FZILX, FNILX, FZIPX) are available exclusively through Fidelity brokerage accounts and cannot be transferred in-kind to another broker. Past performance is not indicative of future results. Please review Fidelity's full fee schedule at Fidelity.com/commissions before trading.

New accounts only. Fund your account with at least $2,000 to access margin features; however, there is no minimum deposit for standard cash accounts. Commissions are $1.00 to open per contract and $0.00 to close, with a **$10 cap per leg** on equity options. Options trading involves significant risk and requires specific account approval. Full fee schedule and risk disclosures at tastytrade.com/legal.

Firstrade Securities Inc. is a registered broker-dealer and member of FINRA and SIPC. SIPC protection covers investment accounts up to $500,000 including $250,000 for cash claims. Additional insurance coverage is provided through Apex Clearing Corporation up to $37.5 million per client for securities and $900,000 for cash. Commission-free trading applies to online US-listed stock, ETF, mutual fund, and equity options trades. No per-contract fee, exercise fee, or assignment fee applies to options trades. Regulatory pass-through fees apply to all trades as required by the SEC and Options Clearing Corporation. Margin trading requires a minimum $2,000 account balance; spreads and defined-risk strategies require $2,000 minimum equity; uncovered puts require $10,000 minimum equity. Margin rates start at 8.75% and vary by balance. Outgoing ACAT transfer fee is $75. Wire withdrawal fee is $25; ACH withdrawals are free. No annual fee, no inactivity fee. Firstrade does not offer paper trading, futures trading, or forex trading. Cryptocurrency trading available on select coins — see firstrade.com for current availability.

TradeStation Securities, Inc. is a member of FINRA, SIPC, and CME Group exchanges, regulated by the SEC. SIPC protection covers securities accounts up to $500,000 including $250,000 for cash claims. Commission-free trading on US-listed stocks and ETFs applies to TS Select accounts only. Options contract fees range from $0 to $0.80 per contract for equity options and $0.60 to $1.00 for index options depending on monthly volume — see full fee schedule at tradestation.com/pricing. Futures commissions range from $0.50 to $1.50 per contract. A $10 monthly inactivity fee applies to accounts with a balance below $5,000 and fewer than 10 trades in the prior 90 days. IRA accounts carry a $35 annual maintenance fee and a $50 termination fee. The outgoing ACAT transfer fee is $125. Margin trading involves significant risk including the possibility of loss exceeding your initial investment; margin rates run up to 13.5%. EasyLanguage strategies and automated trading involve additional risks. Past performance of backtested strategies is not indicative of future results. TradeStation does not offer fractional shares, spot cryptocurrency trading, or forex. Investment products involve risk and may lose value.

ETRADE Securities LLC is a registered broker-dealer and member of FINRA and SIPC. SIPC protection covers investment accounts up to $500,000 including $250,000 for cash claims. Commission-free trading applies to online US-listed stock, ETF, and equity options trades. Options contract fees are $0.65 per contract, reducing to $0.50 for accounts placing 30 or more trades per quarter. Futures contracts cost $1.50 per side plus exchange and regulatory fees. Mutual funds outside the no-transaction-fee list may carry trading commissions up to $19.99. Uninvested cash earns interest at rates ranging from 0.01% to 0.15% — see current rates at us.etrade.com/pricing-and-rates. Core Portfolios robo-advisor charges a 0.30% annual fee with a $500 minimum. Margin trading involves significant risk and is subject to interest charges; rates vary by balance. No annual fee, no inactivity fee, and no ACH withdrawal fee. ETRADE does not offer direct cryptocurrency trading. Morgan Stanley research and advisory services are subject to separate terms and eligibility requirements. Investment products are not FDIC insured, not bank guaranteed, and may lose value.