šŸ  > Compare Options Brokers in the UK

Compare Options Brokers in the UK

Use our comparison tables to compare the best UK based options brokers authorised and regulated by the FCA. Choose or switch to an option broker that offers the most markets, best pricing and client security.

Options trading carries a high level of risk and can result in losses that exceed your deposits.Ā Featured brokers appear first.

Featured Options BrokerOption AccountsOptions CostsOption MarketsMore Info

Saxo Capital

On Exchange:
CFD:
Spread Betting:
Saxo is generally one of the better value brokers for larger traders where you can trade stock options from USD 0.85, EUR 1 or GBP 1. Saxo markets provides access to 1,200+ listed options from 23 exchanges worldwide, across equities, indices, interest rates, energy, and metals. Open Account

IG

On Exchange:
CFD:
Spread Betting:
IG charge a spread when you buy or sell options but do not have fees when you hold options until their fixed expiry date. IG offers options trading on FX, indices, commodities and treasuries through OTC CFDs and financial spread betting. Open Account
76% of retail CFD accounts lose money

Spreadex Financials

Spreadex

On Exchange:
CFD:
Spread Betting:
Spreadex options spreads for UK 100 and Germany 30 start from 4 points with a minimum stake of Ā£2. Spreadex offers options trading on major indices and FX pairs through financial spread betting and CFDs Visit IG Website
Interactive Brokers

Interactive Brokers (IBKR)

On Exchange:
CFD:
Spread Betting:
IBKR charge commission rates between $0.15 and $0.65 per US options contract on a fixed or tiered basis depending on account size. Interactive Brokers providers on exchange options trading with advanced analytics and algorithmic trading options. Open Account

Linear Investments

On Exchange:
CFD:
Spread Betting:
Options commission if dependent on account size, status and volumes. Linear offer professional trading accounts direct market access to on exchange options around the world. Linear Services
Fineco On Exchange:
CFD:
Spread Betting:
Fineco charges options commission of between $6.95 and $2.5 per lot depending on how much you trade. Fineco clients offer options trading on a broad range of marketing including the CBOE market. Trade the Volatility Index (VIX) and options on S&P, Dow Jones, Nasdaq and Russell Indices. Open Account

What are optionsĀ and how do you trade them?

Buying options is one of the most versatile and low-risk ways to speculate on the financial markets. However, as well as being low risk when buying, if you are shorting options can be incredibly risky (more so than futures).

We cover the basics of options trading here:

Compare options trading brokers in the UK

If you are looking for a broker to trade options and want to compare options trading brokers in the UK here are the main things to look out for:

  • Are they FCA regulated? You can check the FCA register here.
  • What is the commission per lot
  • Will the options broker allow you to sell options as well as buy
  • Are options cross-margined with other products (so you don't double up on margin)
  • How experienced are the brokers you are dealing with
  • Does the options broker allow options strategies or just one off trades
  • What market coverage does the broker offer i.e. stock, forex, commodity or index etc.

Best options trading platform for beginners

It's important that if you are a complete beginner to investing you should accept that options may not be for you. Options can be quite simple and quite complex and in many cases, there is the risk of losing your entire premium.

So if you are a beginner options trader and looking for a platform, make sure you have significant experience in trading and investing. And most importantly make sure your broker understands that you are a beginner to options trading.

Many options brokers can provide advice on strategy and execution (although not on what to buy or sell). Options brokers also understand the market well so don't be afraid to trade over the phone to make sure that you explain exactly what you want to do.

Options trading brokers comparison in the UK

Most options brokers find the clients will trade options as part of an overall portfolio for hedging or speculation. So, if you want to compare options brokers in the UK take a look at our options broker comparison table to see if the options broker offers additional services that are required for your overall investment objectives.

List of UK equity options brokers and where to find it

Trading UK equity options are one of the most popular ways to protect and hedge an overall long equity portfolio. We provide a list of UK equity options brokers in our options broker comparison table.

How to get low commission from an options broker?

just ask. All commission with brokers (especially options brokers) are negotiable. So if you are doing the volume ask for a reduction in your options commission.

UK options broker reviews

You can read reviews of options brokers in the UK by clicking on the relevant links below or in our option brokers comparison table. Our options broker reviews cover client testimonials, regulation, market coverage, trading platforms and customer service.

Here's where you'll find all expert & client broker reviews featured on Good Money Guide.

Here is a list of DMA and futuresĀ brokers that offer options to institutional clients based in the UK that are regulated by the FCA