Options Trading Software Reviews 2018


Regardless if you trade options for a living or if you trade part-time as a hobby, finding the right options trading software is paramount to your success.

See software reviews table

Options Trading Software Reviews


Options Trading Software


Ally Invest 

TradeKing Live Platform



tastyworks platform



OptionStation Pro


TD Ameritrade 



Zacks Trade 

Zacks Trade Pro


Glitches, memory leaks, long load times, and delayed data are guaranteed to cost you money. With that said, the two following brokers offer some of the best options trading platforms in the industry. Although more and more brokers are offering downloadable trading platforms, most of the web-based options trading software is just as robust and speedy.

  1. Ally Invest  – 5 stars
  2. tastyworks  – 5 stars
  3. TradeStation  – 4 stars
  4. Zacks Trade  – 4 stars

Ally Invest Software

Ally Invest’s software comes from Ally’s acquisition of TradeKing. TradeKing was well known as an online brokerage that catered to active traders with low prices and robust trading software. Ally has fully adopted the TradeKing Live options software and paired it with deeply discounted trades and 24/7 customer service. The platform is very intuitive and simple yet powerful and capable. The options analysis and potential profit/loss tools are second to none.

Show screenshots of Ally's options platform

Charting capabilities are surprisingly advanced

Option analysis is very useful
Weekly options with Ally Invest
Weekly options clearly defined
Ally Invest Options Analysis Platform
Easily see projected P/L for an options trade with a variable amount of days until expiration.

Customer service


Account minimum


Go to Ally Invest’s site

tastyworks Software

tastyworks packs a big punch with their Mac and PC compatible downloadable options trading platform. It’s totally free and capable of advanced options orders and analysis. We love how quickly pricing data loads, and the high level of platform customization is a nice touch.

tastyworks review option chains

Show screenshots of tastywork's options platform

tastyworks review option chains
Options chains are highly customizable and quick to load.

tastyworks review platform charting

Customer service

Not 24/7

Account minimum


Go to tastywork’s site

TradeStation Software

TradeStation packs a powerful punch with their options trading software. Options Station Pro, which is now free, has options modeling, P/L analysis, screeners, scanners, and more. TraeStation clients used to have to pay $99 per month to use their software.

TradeStation Options Platform

Show screenshots of TradeStation's options platform

TradeStation Platform Layout

Customer service


Account minimum


Go to TradeStation’s site

Zacks Trade Pro

Zacks Trade offers low options pricing and highly customizable options trading software that professional options traders will likely be fond of. The Zacks Pro platform is capable of submitting complex and advanced order types, like iceberg orders, and fill-or-kill.

Zacks Trade Platform

Customer service

Not 24/7

Account minimum


Go to Zacks Trade’s site

List of Options Trading Software Reviews

Check out detailed reviews of the following options trading software:

TradeStation Options Trading Software

Ally Invest (Tradeking Live) Options Trading Software

Thinkorswim Options Trading Software

Tastyworks Options Trading Software

Without question, the software these four brokers offer is some of the best options trading software on the market – and they all do it for free. Although many traders don’t mind spending $200-800 per month on trading software, the truth is that is spending that kind of money on trading technology is no longer necessary in 2018.

The advanced options analysis capabilities of tastywork’s platform put it on par with the the algorithmic customization that Bloomberg Tradebook offers. Ally Invest’s API technology allow traders to develop their own applications and connect directly to Ally’s servers.

Lately, we have been very disappointed with the thinkorswim platform by Td Ameritrade. Often when we try to log on when the market opens or closes, we get stuck with a nasty loading symbol that doesn’t go away. We contacted TD about the issue, and it turns out when too many people log on to the software at one time, it overloads TD’s servers. As such, thinkorswim should be avoided, because not being able to connect to the market can result in serious trading losses.

Professional options trading software like the BB Tradebook cost around $2,400 per month, but for resourceful traders, the free technology that’s out there is just as good, if not better. How can a trader go wrong with that?

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