Compare
eOption vs Firstrade
The same facts side by side. Swap a broker from the menu under its logo; the best value in each row is marked.
- eOption leads
- 2
- Firstrade leads
- 2
- Level
- 4
Of 8 scored facts, eOption leads on 2, Firstrade on 2, and 4 are level. Countries and the offer are not scored.
Head-to-head
The best value in each row is marked; rows where every broker matches carry no mark.| Fact |  eOption |  Firstrade |
|---|---|---|
| Fee per contract | $0.10 + $1.99 per trade | $0 per contractBest |
| eOption, Base fee and other charges apply | Firstrade, Regulatory fees apply | |
| Exercise and assignment | $9 | FreeBest |
| Approval | Naked | Naked puts |
| eOption, Up to naked short options | Firstrade, Up to naked short options | |
| 0DTE | Not published | Yes |
| Index options (SPX) | Yes | Yes |
| Options on futures | Not published | No |
| Spreads in an IRA | YesBest | No |
| Portfolio margin | Not published | Not published |
| Margin rate | 8.20%Best | 11.50% |
| Platforms | Web, Mobile | Web, Mobile |
| Paper trading | Yes | Not published |
| 24/7 support | Not published | Yes |
| Countries | US residents plus 12 listed countries, or 13 with China, as broker pages disagree ($25,000 minimum) | US persons, plus residents of 27 listed countries |
| QuantWheel | Not connected | Not connected |
| Offer |
Facts from each broker's fee schedule and options agreement, checked 8 October 2026. Best marks the lowest cost or the widest allowance in a row.
The two brokers
One paragraph each.eOption$0.10 + $1.99 per trade · $9 per event · naked
eOption opens options accounts for residents of the United States, the United Kingdom, Germany, Australia, Singapore and Mexico, among the 9 countries this directory covers. It charges $0.10 + $1.99 per trade (Base fee and other charges apply). Exercise and assignment cost $9 each. It approves up to naked short options. It trades on Web, Mobile. It is not connected to QuantWheel.
Firstrade$0 per contract · free exercise · naked puts
Firstrade opens options accounts for residents of the United States, the United Kingdom, Germany, Singapore, India and Mexico, among the 9 countries this directory covers. It charges $0 per contract (Regulatory fees apply). Exercise and assignment are free. It approves up to naked short puts, not naked calls. It trades on Web, Mobile. It is not connected to QuantWheel.
What each costs for the way you trade
A year of fees from each broker's published prices, checked 7 and 8 October 2026.
- eOption$4.35 a trade, 3.6% of your premium
- $417 a year
- Firstrade$0.04 a trade, under 0.1% of your premium
- $3.67 a year
$414 a year less at Firstrade
Not counted because Firstrade does not publish them: clearing fee, FINRA trading activity fee, platform fee, inactivity fee.
Estimates from published fees. Your broker statement can differ, and brokers change fees. A fee a broker does not publish is never counted as $0.
Questions people ask
eOption vs Firstrade