Robinhood Alternatives: Which Apps Offer Options Trading?

Robinhood caught on because it made trading feel simple and cheap. But it is not the only option, and for some traders, it is not the best fit. Some apps offer better tools, more investment choices, or pricing that better aligns with how you trade.

Robinhood Financial is a registered broker-dealer and FINRA member, while Robinhood's crypto services run through a separate company, Robinhood Crypto. Learn more about the platform in our review of Robinhood’s safety or see how it compares to crypto-specific platforms in our guide: Robinhood vs. Coinbase.

If you are looking for options trading apps besides Robinhood, this guide breaks down a few of the best alternatives and who they may work best for.

Here are the top Robinhood alternatives that offer options trading and other advanced features:

Options pricing varies widely across these platforms. Robinhood and Webull generally charge no per-contract commission on stock and ETF options, though regulatory, exchange, and some product-specific fees still apply. E*TRADE and Charles Schwab generally charge $0.65 per contract. tastytrade charges $1 per stock or ETF options contract to open a position, capped at $10 per leg, and nothing to close.

Price shouldn't be the only factor. Also compare charting, research, paper trading, available strategies, execution, customer support, and the other investments each broker offers.

Robinhood has expanded well beyond the simple stock trading app it started as. It now offers advanced charting, the Robinhood Legend desktop platform, futures, index options, crypto, and event contracts. Still, another broker may be a better fit, depending on what you need.

• You want mutual funds or individual bonds: Robinhood doesn't offer direct trading in mutual funds or individual bonds, while brokers such as E*TRADE and Charles Schwab offer a wider range of traditional investments.

• You want a different options pricing structure: Robinhood charges no per-contract commission on stock and ETF options, though regulatory and exchange fees still apply. Other platforms charge contract fees but offer different analysis, execution, or strategy tools.

• You want specialized options tools: Robinhood Legend has narrowed the gap, but platforms such as thinkorswim and tastytrade are still built around active and complex trading.

• You prefer a different order routing model: Robinhood receives payment for order flow on stock and options orders. If execution quality matters to you, compare each broker's routing disclosures rather than only the advertised commissions.

Selling an investment for more or less than your cost basis can create a capital gain or loss. Short-term capital gains on assets held for one year or less are generally taxed at ordinary federal income tax rates. Long-term capital gains on assets held for more than one year generally qualify for 0%, 15%, or 20% federal rates, depending on your taxable income.

Wash sale rules apply to stocks, securities, and certain related options. Under current federal law, they generally don't apply to ordinary cryptocurrencies such as Bitcoin, although a digital asset that is also treated as stock or a security for tax purposes can still be subject to the rule.

The tax form you receive depends on what you traded. Robinhood and the other brokers on this list generally report securities and options sales on Form 1099-B. Starting with digital asset sales on or after January 1, 2025, qualifying crypto sales are reported on Form 1099-DA instead.

For 2026 sales, mandatory basis reporting also begins for certain covered digital assets acquired on or after January 1, 2026, in an account with a custodial broker. Crypto transferred in from another platform may still have no broker-reported basis, because current rules generally don't require digital asset brokers to send basis information to the receiving broker.

You're still responsible for reporting every taxable trade, even if a form is incomplete or you don't receive one. Learn more in our guide to Form 1099-DA. Our platform at TokenTax can help you report crypto activity from Robinhood and other platforms. For stock and options trades, use the tax records provided by your broker.