Choosing the right options trading app can be crucial for success. Whether you're a seasoned trader or just starting out, you'll need a platform that offers robust features, user-friendly interfaces, and reliable performance. This article highlights 11 of the best options trading apps for desktop, including the top three: Robinhood, Webull, and TradingView. Each app offers a unique set of tools and resources to help you navigate the complexities of options trading and make informed decisions.
Top app for options trading
1. Robinhood
Download:
Robinhood is the ultimate options trading app for young adults like me. It's totally commission-free, which means I get to keep all my profits. Plus, their app is super easy to use, even for beginners. They've got tons of educational resources and even let you practice trading in a risk-free environment. With over 20 million downloads, it's clearly the most popular app for a reason. You can trust Robinhood to help you learn the ropes and grow your money.
Key Features:
- Zero commission trades on stocks, ETFs, options
- Detailed charts with technical indicators for analysis
- Easy-to-use interface for both beginners and experienced traders
✨ Read more: app for backtesting trading strategies
2. Webull
Download:
Cost: Standard Brokerage Account (Free), IRA Account (Traditional or Roth) (Free)
Webull, a top-tier options trading app on mobile, offers a comprehensive trading experience with a wide range of features. While the app boasts an impressive array of tools and functionality, some users have reported issues with the options menu and time frame selection, leading to frustration. Despite this, the app's constant evolution and addition of new features, including an intuitive user interface, chat functionality, and a wealth of information, makes it a compelling choice for traders of all levels.
Key Features:
- Commission-free options trading
- Advanced charting and analysis tools
- Real-time streaming quotes and market data
✨ Read more: app for algo trading
3. TradingView
Download:
Cost: Free ($0/month), Pro ($14.95/month)
TradingView is the ultimate mobile app for options trading, blowing other apps out of the water with its powerful features and intuitive interface. Forget clunky charts and confusing analysis - TradingView puts you in control with real-time data, customizable indicators, and thousands of publicly shared trading ideas. You can even connect directly to your brokerage account, making it easy to place trades right from the app. With over 30 million users, TradingView is the social network for traders, and its vast community is a constant source of insights and inspiration.
Key Features:
- Real-time quotes and charts
- Technical analysis tools and indicators
- Social community for trading ideas
✨ Read more: app for forex trading
4. Sensibull for Options Trading
Download:
Sensibull for Options Trading is a popular mobile app for navigating the complex world of options trading. While praised for its extensive features, including strategy building, analysis tools, and educational resources, users highlight its slow data loading and frequent login requests as major drawbacks. The app's interface, while functional, can be cumbersome on mobile devices, especially on larger screens like foldable phones and tablets. Despite these shortcomings, Sensibull remains a valuable resource for many, especially those who appreciate its comprehensive approach to options trading.
Key Features:
- Super-simple and low-risk Options Strategies
- Options Strategy Builder for advanced strategies
- Trade options with real money or learn with Draft Portfolios
✨ Read more: app to buy crypto
5. OptionStrat
Download:
Cost: Free ($0.00), Live Tools ($19.99/month)
OptionStrat is a powerful options trading app designed for mobile users who want to take control of their trades. This app boasts an intuitive interface and robust features, such as a visual strategy builder, profit calculator, and an optimizer that helps you find the most profitable trades. With over 100,000 downloads and a 4.6-star rating on the Play Store, OptionStrat has proven itself as a reliable tool for both beginners and experienced traders. However, some users have noted a lack of customization and limited real-time data as drawbacks. Overall, OptionStrat offers a compelling and user-friendly experience for those looking to explore and manage their options trading on the go.
Key Features:
- Visualize profit/loss for option trades
- Find and edit strategies in real-time
- Optimize trades with automated calculations
✨ Read more: app to buy stocks
Other options trading app
- Options Trader by Dhan
- Options Trading
- Options Alerts
- Pocket Option
- Pocket Option Trading
- Optionality
The most important factors when choosing a options trading app
- Platform Features: This includes the ability to place various order types, access real-time data and charting tools, conduct technical analysis, and utilize advanced order routing.
- Fees and Commissions: Understand the costs associated with trading, including commissions, inactivity fees, and data fees.
- User Interface and Ease of Use: The app should be intuitive and easy to navigate, especially if you're new to options trading.
- Security and Reliability: Look for platforms with strong security measures and a reliable track record.