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Does anyone (outside Robinhood) do 0 commission options trades?

• scotch_drinker 7y ago
  TD Ameritrade just started doing it. https://www.tdameritrade.com/why-td-ameritrade/free-stock-trading.page https://www.tdameritrade.com/why-td-ameritrade/free-stock-tr...
  • deleted 7y ago
    [deleted]
  • StevePerkins 7y ago
    Read their fine print. There's still a "contract charge" of $0.65/contract. Apparently many of these players are eliminating commissions by using a different word for it instead. As far as I know of, only Robinhood and Firstrade have true zero-cost option trading. And even then, there can be fees involved if you actually exercise options.
• StevePerkins 7y ago
  Firstrade has been doing so since the middle of last year. Although if you choose to actually EXERCISE an option, rather trading it prior to expiration, then there are fees involved in that. ETrade's annoucement says that they are eliminating commissions for stock AND option trades. But the fine print says that they're still charging $0.65/contract. Apparently, it doesn't count if they use the phrase "contract charge" instead of "commission". https://about.etrade.com/newsroom/press-releases/article?qmodStoryID=5545607436705191 https://about.etrade.com/newsroom/press-releases/article?qmo...
• Youden 7y ago
  There are a bunch of places that do 0 commission but they usually charge a separate fee for the contract (which seems to universally be treated as separate from commission). Aside from the options others have mentioned, there are a bunch of brokerages that charge a monthly fee and give you unlimited trades. These are targeted at very active traders.