United States · Illustrative scenario

Ten listed options contracts per month in a brokerage account

Under the assumptions shown, the lowest calculable charge among the mutually comparable covered brokers is $0.00. This excludes the material costs listed below, and cost alone does not determine whether a broker meets your needs.

Last calculated · Oldest material source verification · Status: published

Complete assumptions

The portfolio value is the modeled average for the year. Contribution growth is not used to infer a different average.

Every fixed input used by the shared annual-cost calculator
Country and currencyUnited States · USD
Account typeBrokerage
Required investmentsListed options
Modeled average portfolio value$10,000.00
New contribution each month$0.00
Stock/share/ETF purchases each month0
Fund purchases each month0
Opening options contracts each month10
Overseas-currency purchase value each month$0.00
Full outgoing transfers in the year0
Modeled period12 months; monthly activity is multiplied by 12
Rounding conventionInteger minor units; percentage charges use half-up rounding unless a sourced provider rule specifies otherwise

Read the calculation and rounding methodology.

Included and excluded costs

Included

  • Account/platform charges
  • Opening options contracts

Explicit exclusions

  • Bid–ask spreads, taxes, regulatory levies, fund ongoing charges, market-data subscriptions, margin interest, cash interest and investment performance are outside the v1 fee model.
  • Provider-specific charges outside the selected activity may apply; a calculated zero is not a claim that the account is free to use.
  • Assignment, exercise, regulatory, exchange, multi-leg strategy effects, premium-dependent tiers and contract-closing charges are excluded unless explicitly represented by the modeled opening-contract rule.

Eligibility and coverage

10 covered brokers were evaluated. 7 have mutually comparable modeled calculations; 3 have a material calculation gap; 0 have unknown eligibility; and 0 are ineligible for a selected requirement. Not every broker in the market is covered.

Comparable calculated charges

Ordered by calculable total, with alphabetical tie-breaking. There are no numeric ranks. The lowest annotation applies only to this fixed, current scenario.

Calculated charges among mutually comparable covered brokers
BrokerAccountTradingFX/optionsTransferCalculable totalCompleteness and details
RobinhoodLowest calculable charge$0.00$0.00$0.00$0.00$0.00Complete for selected modeled categories · current
Calculation details for Robinhood

Account · $0.00

Explicit zero-fee rule

Optional Robinhood Gold subscription is separate.

Robinhood Financial fee schedule: official source
Checked 3 August 2026

Options contracts · $0.00

Explicit zero-fee rule

Index options and regulatory or exchange charges may differ.

Robinhood Financial fee schedule: official source
Checked 3 August 2026

Material limitation: Index options, regulatory activity, transfers and an optional Gold subscription can add costs.

SoFi Invest$0.00$0.00$0.00$0.00$0.00Complete for selected modeled categories · current
Calculation details for SoFi Invest

Account · $0.00

Explicit zero-fee rule

SoFi Invest pricing and rates: official source
Checked 3 August 2026

Options contracts · $0.00

Explicit zero-fee rule

SoFi Invest pricing and rates: official source
Checked 3 August 2026

Material limitation: Mutual fund purchases cost 0.2%, capped at $20; regulatory and fund expenses can apply.

Webull$0.00$0.00$0.00$0.00$0.00Complete for selected modeled categories · current
Calculation details for Webull

Account · $0.00

Explicit zero-fee rule

Applied condition: modeled activity keeps account active.

An inactivity charge depends on account history that v1 does not collect.

Webull pricing: official source
Checked 3 August 2026

Options contracts · $0.00

Explicit zero-fee rule

Certain index options cost $0.50 per contract.

Webull pricing: official source
Checked 3 August 2026

Material limitation: Stock and ETF options cost $0; certain index options cost $0.50 per contract.

Charles Schwab$0.00$0.00$78.00$0.00$78.00Complete for selected modeled categories · current
Calculation details for Charles Schwab

Account · $0.00

Explicit zero-fee rule

Charles Schwab pricing: official source
Checked 3 August 2026

Options contracts · $78.00

65 minor units × 120 per contract charge(s) = 7800 minor units.

Charles Schwab pricing: official source
Checked 3 August 2026

Material limitation: Options cost $0.65 per contract; online OTC equity trades cost $6.95.

E*TRADE$0.00$0.00$78.00$0.00$78.00Complete for selected modeled categories · current
Calculation details for E*TRADE

Account · $0.00

Explicit zero-fee rule

E*TRADE pricing and rates: official source
Checked 3 August 2026

Options contracts · $78.00

65 minor units × 120 per contract charge(s) = 7800 minor units.

E*TRADE pricing and rates: official source
Checked 3 August 2026

Material limitation: Options cost $0.65 per contract, or $0.50 after 30 or more qualifying trades per quarter.

Fidelity$0.00$0.00$78.00$0.00$78.00Complete for selected modeled categories · current
Calculation details for Fidelity

Account · $0.00

Explicit zero-fee rule

Fidelity commissions and fees: official source
Checked 3 August 2026

Options contracts · $78.00

65 minor units × 120 per contract charge(s) = 7800 minor units.

Fidelity commissions and fees: official source
Checked 3 August 2026

Material limitation: Options have a $0.65 contract fee; foreign securities and some funds cost extra.

Merrill Edge$0.00$0.00$78.00$0.00$78.00Complete for selected modeled categories · current
Calculation details for Merrill Edge

Account · $0.00

Explicit zero-fee rule

Merrill Edge pricing: official source
Checked 3 August 2026

Options contracts · $78.00

65 minor units × 120 per contract charge(s) = 7800 minor units.

Merrill Edge pricing: official source
Checked 3 August 2026

Material limitation: Options cost $0.65 per contract; some mutual funds and short-term redemptions cost extra.

Incomplete or unknown results

These results are not placed in the ordered table and their partial totals must not be compared with complete calculations.

Interactive Brokers

Material calculation gap. option-contract: Unknown fee; excluded from calculable total.

Inspect available lines

Account · $0.00

Explicit zero-fee rule

Interactive Brokers commissions: official source
Checked 3 August 2026

Options contracts · Excluded

Fee amount is unknown

Contract rate depends on premium and volume.

Unknown fee; excluded from calculable total.

Interactive Brokers commissions: official source
Checked 3 August 2026

Material limitation: IBKR Lite is for US residents; Pro pricing and non-US markets use separate commissions.

tastytrade

Material calculation gap. option-contract: Unknown fee; excluded from calculable total.

Inspect available lines

Account · $0.00

Explicit zero-fee rule

tastytrade pricing: official source
Checked 3 August 2026

Options contracts · Excluded

Fee amount is unknown

The $10 opening cap is applied per leg, but v1 does not collect leg counts. Opening, clearing, regulatory and exchange charges are excluded.

Unknown fee; excluded from calculable total.

tastytrade pricing: official source
Checked 3 August 2026

Material limitation: Stock and ETF options cost $1 per contract to open, capped at $10 per leg, and $0 to close.

Vanguard

Material calculation gap. account: Unknown fee; excluded from calculable total.

Inspect available lines

Account · Excluded

Fee amount is unknown

Annual service fee may be waived for eligible e-delivery clients.

Unknown fee; excluded from calculable total.

Vanguard brokerage fees and commissions: official source
Checked 3 August 2026

Options contracts · $120.00

100 minor units × 120 per contract charge(s) = 12000 minor units.

Vanguard brokerage fees and commissions: official source
Checked 3 August 2026

Material limitation: Some non-Vanguard funds, options, phone trades and account services have separate charges.

Modeled fee categories: Account, Options contracts.

Why the modeled charges differ

Per-contract pricing repeats with activity, but several published options schedules depend on premium, volume or other details this fixed scenario does not collect.

  • options contracts lines: The options line multiplies a calculable per-opening-contract rule by 120 contracts; variable schedules remain in the incomplete group.
  • account lines: The account line is shown independently because an account charge does not vary with the modeled contract count unless its published rule says so.

Change these assumptions

Open the calculator with this exact country, account, investment, portfolio, monthly activity, FX, transfer, and 12-month setup already filled in.

Change this scenario in the calculator

Compare the first 3 comparable covered brokers across normalized facts.

Commission-free trading costs guide · Flat versus percentage platform fees guide

Methodology and official sources

The snapshot uses the shared fee evaluator, not numbers embedded in editorial copy. Read the methodology or inspect the complete source ledger.

  1. Charles Schwab pricing: official sourceChecked 3 August 2026
  2. E*TRADE pricing and rates: official sourceChecked 3 August 2026
  3. Fidelity commissions and fees: official sourceChecked 3 August 2026
  4. Interactive Brokers commissions: official sourceChecked 3 August 2026
  5. Merrill Edge pricing: official sourceChecked 3 August 2026
  6. Robinhood Financial fee schedule: official sourceChecked 3 August 2026
  7. SoFi Invest pricing and rates: official sourceChecked 3 August 2026
  8. tastytrade pricing: official sourceChecked 3 August 2026
  9. Vanguard brokerage fees and commissions: official sourceChecked 3 August 2026
  10. Webull pricing: official sourceChecked 3 August 2026