If you want to invest beyond stocks and ETFs, options might be a suitable choice. However, not all platforms allow it, including Trading 212*.
Trading 212 has become a popular platform for commission-free investing, but many investors have noticed a gap in what it offers: there is no options trading. Options are a useful tool for investors looking to hedge risk, speculate on market movements or add flexibility to their portfolios.
In this article, we look at whether Trading 212 plans to offer options and which alternatives are already available. Let’s dig in.
Are options available on the Trading 212 platform?
No. As of September 2026, Trading 212 still doesn’t offer options trading. On the Trading 212 community forum, the company said it intended to launch options during 2024, but that hasn’t happened, and there is no new date:
In the meantime, Trading 212 has focused on other products, such as its Cash ISA in the UK and its crypto account in some European countries.
You don’t have to wait, though. Other brokers have offered options for years and have far more experience with this instrument. Let’s explore them.
Alternatives to Trading 212 for trading options
62% of retail CFD accounts lose money.
Investing involves risk of loss.
69-80% of retail CFD accounts lose money.
Comparison table (pricing)
| Broker | US options pricing | Notes |
| Interactive Brokers | From $0.15 per contract | Minimum of $1 per order; tiered pricing |
| Saxo | From $0.75 per contract | $2 on the Classic tier, $1 on Platinum, $0.75 on VIP |
| DEGIRO | €0.75 per contract | Plus a €5 monthly connectivity fee for derivatives |
| XTB | No commission; cost is the premium | Buy-only vanilla options, cash-settled |
| tastytrade | $1 per contract to open | Free to close; $10 cap per leg |
| TradeStation | $0.60 per contract | Plus a $5 commission per order |
Pricing as of September 2026. Exchange, regulatory and currency conversion fees may apply on top. Disclaimer: Investing involves risk of loss.
Still undecided? Watch our YouTube video, where we summarise our preferred options trading platforms in Europe:
Reviews
Interactive Brokers at a glance
Founded in 1978 and listed on NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker that has come through major financial crises, showing resilience and rigorous risk management.
Options are available on more than 30 market centres, with commissions from $0.15 per contract (minimum $1 per order) on US options. The platform has advanced options tools such as the Rollover Options tool, OptionTrader and Option Analytics. You can view your positions, market data and option chains, and build your strategies with the Strategy Builder. The Interactive Brokers Traders’ Academy is also a good place to deepen your knowledge of options.
There are no account opening fees and no minimum activity fees.
Interested? Read our comprehensive IBKR review.
Saxo at a glance
62% of retail CFD accounts lose money.
Our runner-up, Saxo is a research-oriented broker with a track record, like IBKR, spanning decades. It caters to all levels of experience across several platforms, but its focus on premium features and design works best for intermediate and advanced options traders.
SaxoTraderGO works well for most traders, while professionals and daily traders may prefer SaxoTraderPRO. The former blends the sophistication of a desktop platform with a powerful mobile app.
Its tiered pricing can feel convoluted, with three levels: the basic Classic tier charges $2 per US stock option contract, Platinum charges $1 and VIP charges $0.75. Since higher tiers require large portfolios, most investors will pay the Classic price.
Read our comprehensive Saxo review.
DEGIRO at a glance
Investing involves risk of loss.
DEGIRO is one of Europe’s cheapest brokers for options, with access to European and American options through its web platform and mobile app.
It also runs an extensive blog for beginners and intermediate investors, or anyone who wants to brush up on the basics before trading options. DEGIRO champions a do-it-yourself approach, but with safety in mind.
On costs, it’s very competitive at €0.75 per contract, plus a flat €5 a month to connect to the relevant derivatives exchanges. It covers the essentials for active trading, such as charts, news and analyst views, although its research may not be deep enough for fundamentals-driven investors. A solid third place.
Read our comprehensive DEGIRO review.
Disclaimer: Investing involves risk of loss.
XTB at a glance
69-80% of retail CFD accounts lose money.
Founded in 2002 and listed on the Warsaw Stock Exchange, XTB is one of Europe’s largest retail brokers. In early 2026 it added a vanilla options product to its xStation platform, a notable move for a broker historically focused on CFDs and commission-free stock investing.
XTB’s options work differently from the other brokers on this list. They are American-style and settled exclusively in cash, with no physical delivery of the underlying asset. Crucially, clients can only buy call and put options: there is no option writing, no full option chains and no multi-leg strategies such as spreads or iron condors. The selection currently covers around 140 US stocks and ETFs. There is no commission per contract, and your cost, as well as your maximum loss, is limited to the premium you pay.
This makes XTB well suited to investors who want a simple, capped-risk directional bet on a major US name without opening a full options account. It isn’t a replacement for a dedicated options broker if you need to write options or use advanced strategies.
Availability depends on the XTB entity that serves you (it started with the CySEC-regulated entity, with the German and Spanish branches added on 31 March 2026), so check whether it’s available in your country before opening an account.
Read our comprehensive XTB review.
tastytrade at a glance
tastytrade, formerly tastyworks, is a US broker focused on options, although it also gives access to stocks, ETFs, futures and crypto. Its platform was built by the same people behind thinkorswim.
tastytrade charges $1 per contract on options on stocks and ETFs, capped at $10 per leg, $2.50 on futures options and $1.50 on micro futures options. There is no commission to close an options position, which is unusual and useful for active traders.
Keep in mind that tastytrade is a US broker, so the account, the protections and the tax paperwork follow US rules.
TradeStation at a glance
Founded in 1982, TradeStation is a US broker known for its trading technology. You can trade stocks, ETFs, options, futures and crypto with competitive pricing.
Options cost $0.60 per contract plus a $5 commission per order, with access to real-time data. Its in-house software, OptionStation Pro, lets you build option chains, analyse any strategy scenario and place trades directly into the market.
It also offers a range of educational and training resources to help you improve. As with tastytrade, it’s a US broker, so the account and its protections follow US rules.
Bottom line
Trading 212* is a popular platform for commission-free investing with a user-friendly experience. However, the lack of options trading is a significant drawback if you want more sophisticated strategies.
There is still no date for options on Trading 212, so if you want to trade them now, you’ll need another platform.
The brokers above are all well-suited alternatives, each with a different profile: Interactive Brokers for the lowest costs and the widest access, Saxo for research, DEGIRO for a simple and cheap European option, XTB for a simple capped-risk bet, and tastytrade and TradeStation for active traders who are comfortable with a US broker. Consider the fees, the platform and the educational resources when choosing.
Risk disclaimer: When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. Options are complex instruments and are not suitable for every investor. You can lose the entire premium you pay, and writing options can expose you to unlimited losses.
*Trading 212: When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. Other fees may apply. See terms and fees.
