Trade complex strategies without getting charged for each option for tier 4 traders.
One Rate. Every Strategy.
As your options volume grows, your per‑contract rate goes down.
Get straightforward options pricing built for active traders. Our simple tiers make it easy to know exactly what you’ll pay, with no guesswork or hidden complexity. Now your most active, complex strategies can benefit from lower costs. Whether you’re just scaling up or already trading multi‑leg options every day, TradeStation keeps pricing simple while rewarding your activity.
Iron Condor
$0.00
per contract at Tier 4
Does not include regulatory and exchange fees.
Iron Butterfly
$0.00
per contract at Tier 4
Does not include regulatory and exchange fees.
Built for Complex Options Traders
Stop overpaying for multi-leg strategies.
No Per-Leg Fees
Up to 75% Savings
On total round-trip cost on multi-leg strategies compared to other typical brokers.
Volume Discounts
The more you trade you more you save with tiered pricing.
Advanced Platforms
Professional-grade tools including OptionStation Pro for strategy analysis.
Ready to keep more of your profits?
Join thousands of active options traders who’ve already made the switch.
$0 Trades vs. Everyone else
Trade 100 iron condors monthly at Tier 4: Save $210 every single month. That's $2,520 back in your account annually.
Broker | Contract fees (per contract, per side) | Cost per contract (round trip)* | Total cost |
TradeStation (Tier 4) | $0.00 | $0.16 | $16.00 |
Interactive Brokers (Top Tier) | $0.15 | $0.46 | $46.00 |
TastyTrade (Fixed) | $1.00** | $0.56 | $56.00 |
Charles Schwab (Fixed) | $0.65 | $1.46 | $146.00 |
Fidelity (Fixed) | $0.65 | $1.46 | $146.00 |
Competitor data sourced from their publicly available websites as of 01/28/2026 and is subject to change at any time without notice.
*Includes regulatory & exchange fees. Actual amounts for regulatory & exchange fees vary by product and exchange.
**TastyTrade charges a flat fee on open with no closing fee and caps fees at $10 per leg.
Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com/DisclosureOptions. Visit www.TradeStation.com/Pricing for full details on the costs and fees associated with options.
† Visit TradeStation.com/Awards for details.
¹Statistics provided by S3 Matching Technologies LP, an independent company that is not affiliated with TradeStation Securities Inc. Data shown for Q4 2025 calendar year.
²Fees and charges may apply. Visit www.TradeStation.com/Pricing to learn more about all the fees and charges that may apply.
Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com/DisclosureMargin.
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