Forex options trading is extremely safe and gives traders a key to low risks and high profits. This way of working perfectly suits novice traders. All they need to start trading options are a computer, a certain amount of funds, and the best from FX options brokers. Our specialists screened hundreds of brokers and gathered in one list those only houses whom they are suggest picking to trade with. These trustworthy and reputable Forex options brokers allow their customers to trade put and call options with plenty of tools integrated into modern and powerful trading platforms.
Best Forex Options Brokers
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Variety of Trading Instruments
WebTrader Platform
Simple Registration
Pros
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Trading.com stands out for its competitive spreads, allowing traders to access markets at favorable pricing.
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The platform offers user-friendly trading platforms, notably the MetaTrader 5 terminal, facilitating a smooth trading experience.
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Traders can access a decent array of tradable instruments, including Forex, stocks, commodities, indices, metals, and energies.
Cons
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Trading.com’s trading platform options are limited, offering only the MetaTrader 5 (MT5) platform for traders.
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The platform’s educational resources are relatively limited, potentially leaving traders seeking more comprehensive learning materials.
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Trading.com is exclusively available to clients within the United Kingdom, limiting its accessibility to a global audience.
Withdrawal fee
$0
Deposit fee
3.8
Max leverage
1:30
Min deposit
$5
Top Regulators
CFTC, NFA, FAC
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Variety of Trading Instruments
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WebTrader Platform
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Simple Registration
Pros
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Trading.com stands out for its competitive spreads, allowing traders to access markets at favorable pricing.
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The platform offers user-friendly trading platforms, notably the MetaTrader 5 terminal, facilitating a smooth trading experience.
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Traders can access a decent array of tradable instruments, including Forex, stocks, commodities, indices, metals, and energies.
Cons
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Trading.com’s trading platform options are limited, offering only the MetaTrader 5 (MT5) platform for traders.
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The platform’s educational resources are relatively limited, potentially leaving traders seeking more comprehensive learning materials.
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Trading.com is exclusively available to clients within the United Kingdom, limiting its accessibility to a global audience.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:30
24/7 instant money withdrawal
Pros
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Unparalleled Market Access
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Competitive Pricing
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Advanced Trading Tools
Cons
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Steep Learning Curve
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Customer Service Could Be Better
Withdrawal fee
N/A
Deposit fee
3.7
Max leverage
N/A
Min deposit
N/A
Top Regulators
FCA, CFTC, NFA, SEC
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Available in
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24/7 instant money withdrawal
Pros
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Unparalleled Market Access
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Competitive Pricing
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Advanced Trading Tools
Cons
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Steep Learning Curve
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Customer Service Could Be Better
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
Pros
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Competitive Spreads: IG offers some of the most competitive spreads in the industry, especially for major forex pairs.
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Wide Range of Assets: IG offers a wide range of assets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
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Regulated Broker: IG is regulated by several reputable authorities, including the FCA and ASIC, providing traders with security and trust.
Cons
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Limited Payment Options: IG offers limited payment options, which may be inconvenient for some traders.
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Inactivity Fee: IG charges an inactivity fee of £12 per month if there is no trading activity for two years or more, which may deter some traders.
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No Social Trading: IG does not offer social Trading, which may be a disadvantage for traders who prefer to follow and copy the trades of successful traders.
Withdrawal fee
No withdrawal fee
Deposit fee
4
Max leverage
1:200
Min deposit
$250
Top Regulators
Yes
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Available in
3
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Pros
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Competitive Spreads: IG offers some of the most competitive spreads in the industry, especially for major forex pairs.
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Wide Range of Assets: IG offers a wide range of assets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
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Regulated Broker: IG is regulated by several reputable authorities, including the FCA and ASIC, providing traders with security and trust.
Cons
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Limited Payment Options: IG offers limited payment options, which may be inconvenient for some traders.
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Inactivity Fee: IG charges an inactivity fee of £12 per month if there is no trading activity for two years or more, which may deter some traders.
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No Social Trading: IG does not offer social Trading, which may be a disadvantage for traders who prefer to follow and copy the trades of successful traders.
- Withdrawal feeNo withdrawal fee
- Deposit feePossible third-party charges up to 2.3% on Credit Cards
- Max Leverage1:200
Rating
4.9
/ 5
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Start trading
82% of retail investor accounts lose money when trading CFDs with this provider.
Multiple Tier-1 Regulators
No Deposit Fees
No Withdrawal Fees
Pros
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Well-Regulated Broker: Plus500 is regulated by multiple regulatory bodies across different regions of operation. These regulatory bodies ensure that brokers uphold fair market standards for both individuals and corporations.
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Extensive Market Offerings: Plus500 is a multi-asset broker that offers trading on three different markets – the Plus500 CFD platform, Plus500 Invest (for share dealing, *availability subject to regulation), and Plus500 Futures (available only to US traders). Plus500 provides CFD trading across a broad range of asset classes, including shares, indices, forex, commodities, ETFs, and cryptocurrencies.
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Negative Balance Protection: As required by ESMA since 2018 for all European brokers, Plus500 provides negative balance protection to ensure that customers cannot lose more money than they have deposited into their accounts.
Cons
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Limited Account Types: Plus500 does not offer its clientele a variety of trading accounts; hence it limits their trading preference.
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Limited Trading Features: Direct third-party analytical and automation tools integration with WebTrader is unavailable across Plu500 platforms. There is also no functionality for back-testing.
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Charges Inactivity Fee: After 3 months of inactivity, Plus500 charges traders $10 a month.
Withdrawal fee
$0
Deposit fee
4.9
Max leverage
1:30
Min deposit
$100
Top Regulators
Yes
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trusted
Available in
4
Expand
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Multiple Tier-1 Regulators
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No Deposit Fees
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No Withdrawal Fees
Pros
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Well-Regulated Broker: Plus500 is regulated by multiple regulatory bodies across different regions of operation. These regulatory bodies ensure that brokers uphold fair market standards for both individuals and corporations.
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Extensive Market Offerings: Plus500 is a multi-asset broker that offers trading on three different markets – the Plus500 CFD platform, Plus500 Invest (for share dealing, *availability subject to regulation), and Plus500 Futures (available only to US traders). Plus500 provides CFD trading across a broad range of asset classes, including shares, indices, forex, commodities, ETFs, and cryptocurrencies.
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Negative Balance Protection: As required by ESMA since 2018 for all European brokers, Plus500 provides negative balance protection to ensure that customers cannot lose more money than they have deposited into their accounts.
Cons
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Limited Account Types: Plus500 does not offer its clientele a variety of trading accounts; hence it limits their trading preference.
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Limited Trading Features: Direct third-party analytical and automation tools integration with WebTrader is unavailable across Plu500 platforms. There is also no functionality for back-testing.
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Charges Inactivity Fee: After 3 months of inactivity, Plus500 charges traders $10 a month.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:30
Start trading
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82% of retail investor accounts lose money when trading CFDs with this provider.
Specialized trading accounts
Tight Spreads
Low commissions
Pros
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Provides trading aids and resources such as risk depth, spread monitoring, and risk calculator.
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Offers low average spreads and competitive pricing for all account types.
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Provides plugins for third-party research and trading tools.
Cons
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Limited product offerings.
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No investor protection for traders outside the European Union.
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No weekend trading, extra bonuses or promos.
Withdrawal fee
$0
Deposit fee
4.6
Max leverage
1:500
Min deposit
$200
Top Regulators
ASIC, CySEC
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Not available in
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Specialized trading accounts
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Tight Spreads
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Low commissions
Pros
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Provides trading aids and resources such as risk depth, spread monitoring, and risk calculator.
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Offers low average spreads and competitive pricing for all account types.
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Provides plugins for third-party research and trading tools.
Cons
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Limited product offerings.
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No investor protection for traders outside the European Union.
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No weekend trading, extra bonuses or promos.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:500
Specialized trading accounts
Pros
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Wide Range of Trading Instruments
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High Leverage Options
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Low Minimum Deposit
Cons
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Not Regulated by Top-Tier Authorities
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Mixed User Reviews
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High Spreads on Some Account Types
Withdrawal fee
N/A
Deposit fee
4.4
Max leverage
N/A
Min deposit
N/A
Top Regulators
No
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Not available in
Expand
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Specialized trading accounts
Pros
-
Wide Range of Trading Instruments
-
High Leverage Options
-
Low Minimum Deposit
Cons
-
Not Regulated by Top-Tier Authorities
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Mixed User Reviews
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High Spreads on Some Account Types
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
Specialized trading accounts
Pros
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Offers risk management tools
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Provides a wide range of unique trading instruments
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Provides a user-friendly platform
Cons
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Limited customer support
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Limited clientele’s access to research and educational resources
Withdrawal fee
N/A
Deposit fee
4.4
Max leverage
N/A
Min deposit
N/A
Top Regulators
ASIC, FSC, CYSEC, SIBA
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Not available in
Expand
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Specialized trading accounts
Pros
-
Offers risk management tools
-
Provides a wide range of unique trading instruments
-
Provides a user-friendly platform
Cons
-
Limited customer support
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Limited clientele’s access to research and educational resources
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
No minimum deposit
No inactivity fee
Financial Times Subscription
WebTrader Platform
Trading Education
Pros
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No minimum deposit
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No inactivity fees
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15000 tradable instruments
Cons
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No MetaTrader Support
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Limited availability
Withdrawal fee
$0
Deposit fee
4.3
Max leverage
1:30
Min deposit
$0
Top Regulators
FCA
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Not available in
8
Expand
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No minimum deposit
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No inactivity fee
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Financial Times Subscription
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WebTrader Platform
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Trading Education
Pros
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No minimum deposit
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No inactivity fees
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15000 tradable instruments
Cons
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No MetaTrader Support
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Limited availability
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:30
Best for Advanced Trader
Proprietary trading platform
Multiple regulations
Wide range of trading Instruments
Pros
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SAXO is regulated by various licensing bodies globally, with licenses in six tier-1 jurisdictions.
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Access over 60,000 instruments, including crypto derivatives, micro-futures, and forex options.
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SaxoTraderGo is equipped with all the necessary tools traders might need.
Cons
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SAXO is regulated by various licensing bodies globally, with licenses in six tier-1 jurisdictions.
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Access over 60,000 instruments, including crypto derivatives, micro-futures, and forex options.
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SaxoTraderGo is equipped with all the necessary tools traders might need.
Withdrawal fee
No
Deposit fee
4.3
Max leverage
1:100
Min deposit
No
Top Regulators
ASIC, FCA, JFSA, CySEC, FINMA
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Not available in
9
Expand
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Best for Advanced Trader
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Proprietary trading platform
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Multiple regulations
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Wide range of trading Instruments
Pros
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SAXO is regulated by various licensing bodies globally, with licenses in six tier-1 jurisdictions.
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Access over 60,000 instruments, including crypto derivatives, micro-futures, and forex options.
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SaxoTraderGo is equipped with all the necessary tools traders might need.
Cons
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SAXO is regulated by various licensing bodies globally, with licenses in six tier-1 jurisdictions.
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Access over 60,000 instruments, including crypto derivatives, micro-futures, and forex options.
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SaxoTraderGo is equipped with all the necessary tools traders might need.
- Withdrawal feeNo
- Deposit feeNo
- Max Leverage1:100
Affiliate program
Cashback Rewards
Trading Signals
Pros
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Exnova provides an intermediate level of educational materials and market insights, making it an excellent choice for traders looking to enhance their knowledge and skills.
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The broker provides negative balance protection, ensuring traders do not lose more than their initial Deposit, enhancing risk management.
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Although relatively young, Exnova has received recognition in the form of multiple industry awards, further affirming its reputation and commitment to excellence.
Cons
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The inability of Exnova to provide basic information about itself on its website is seen as a critical flaw. Users have to register an account before being able to access crucial information.
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Exnova lacks regulatory license from any reputable financial organization. This means the broker is not held to industry standard.
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The broker currently lacks the copy trading feature. This prevents traders from enjoying following and replicating the strategies of experienced traders.
Withdrawal fee
N/A
Deposit fee
4.3
Max leverage
1:500
Min deposit
$10
Top Regulators
No
Add to compare list
Not available in
10
Expand
-
Affiliate program
-
Cashback Rewards
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Trading Signals
Pros
-
Exnova provides an intermediate level of educational materials and market insights, making it an excellent choice for traders looking to enhance their knowledge and skills.
-
The broker provides negative balance protection, ensuring traders do not lose more than their initial Deposit, enhancing risk management.
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Although relatively young, Exnova has received recognition in the form of multiple industry awards, further affirming its reputation and commitment to excellence.
Cons
-
The inability of Exnova to provide basic information about itself on its website is seen as a critical flaw. Users have to register an account before being able to access crucial information.
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Exnova lacks regulatory license from any reputable financial organization. This means the broker is not held to industry standard.
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The broker currently lacks the copy trading feature. This prevents traders from enjoying following and replicating the strategies of experienced traders.
- Withdrawal feeN/A
- Deposit feeN/A
- Max Leverage1:500
