Instead of paying big fees to trade options, how about getting something back?
Aside from the mandatory $0.03 regulatory fee, Public charges no fees and you get something back.
Broker | Rebate | Fees |
---|---|---|
Earn up to $0.18per contract traded | $0.03 | |
Robinhood | None | $0.03 |
Fidelity | None | $0.67–$0.69 |
TD Ameritrade | None | $0.66 |
Please note: Public doesn't charge per-contract fees. However, there are regulatory fees assessed for certain options transactions. See our fee schedule to learn more.
Competitor trade cost data as of December 22, 2023 and subject to change. While the information is deemed reliable, Public makes no representations or warranties with respect to the accuracy or completeness of the information provided. All investments involve risk, including the possible loss of principal.
Trading options involves significant risk and is not appropriate for all investors. To learn about risks, read the OCC’s Options Disclosure Document. Not included in this comparison are regulatory transaction fees and trading activity fees. These fees are set by our regulators, and are subject to change without notice. Most brokers, including ones in this comparison, pass on these fees to their customers on certain sell orders. For more information, please see Public's Fee Schedule.
Have questions? Find answers.
How much does it cost to trade options on Public?
Unlike other options trading platforms, we don’t charge commission fees or per-contract fees. What’s more, at Public, we share 50% of our options trading revenue directly with you, the customer. That means you can earn a rebate every time you place an options trade—making Public the cheapest way to trade options.
What options strategies are available on Public?
We’re launching options trading on Public with fundamental strategies, including long calls, long puts, and covered calls. However, stay tuned for more options trading strategies coming soon, including covered strategies and multi-leg strategies. We plan to launch straddles, strangles, call debit spreads, call credit spreads, put debit spreads, put credit spreads, long call calendar spreads, and long put calendar spreads.
What is options revenue sharing and how does it work?
At Public, we’ve always worked to try to get you the best deal for your trades—and options trading is no different. That’s why, in an industry first, we’re sharing 50% of our payment for order flow revenue directly with you, the customer.
In the options world, every order gets executed on exchange, and payment for order flow is an essential part of the market structure. But now, you can share in the revenue it generates. Every time you place an options trade on Public, you’ll receive 50% of our payment for order flow revenue, minimizing your transaction costs.
Why are options considered riskier than other investments?
Options are considered riskier than many other investments because they are leveraged instruments, meaning that a small investment can lead to large gains or losses. Option prices can fluctuate significantly, and the potential for the total loss of your investment is higher than stocks or bonds.
Have additional questions about Options on Public?
Our US-based customer experience team has FINRA-licensed specialists standing by to help.