Best Forex Options Brokers for 2026

Company	Overall Rating	Minimum Deposit	Average spread (EUR/USD) - Standard account
IG		£1	0.91 info

With both over-the-counter (OTC) and exchange-traded options on offer, via Turbos in the EU and exchange-traded futures in the US, IG is my top choice in 2025 for forex options trading. I've been testing and reviewing IG for over 8 years, and it consistently ranks as one of the best forex brokers in the world. Check out my IG review to learn more.

Options at IG: The diversity of instruments available for options trading at IG makes it a great broker for options traders; there are times when certain contracts are thinly-traded and being able to switch from one type to another can be advantageous when timing is important. For example, I might be looking for a certain strike price for a put option – if it's not available as a CFD option, I can look at the futures markets options through tastytrade, IG’s US subsidiary, or via Turbo options in Europe.

Options on CFDs: IG offers forex options on CFDs as one way to take a time-based position in the market, although the availability will depend on your country of residence (i.e. CFDs are not available in the US). For its vanilla options on forex, you can choose from a range of expiration dates, such as daily, weekly, or as far out as three months for OTC options.

Turbo Options: IG provides exchange-traded options as part of its Turbo options offering. Forex turbo options are traded on its regulated multilateral trading facility (MTF) exchange in Europe. Options products at IG range from plain vanilla options to Barrier Options, which allow you to set the knockout level and include pre-trade risk-management parameters such as stop-loss and take-profit.

Options on forex futures: tastytrade offers options on a variety of forex futures, including micro futures for $0.85 per contract and small futures options for just $0.50 per contract. Options on foreign currency futures including CME Futures, such as EuroFX (/6E), Micro Euro (/M6E) and eight other popular currencies. Plain vanilla options on stocks, ETFs, and indexes are $1.20 per contract (round-trip), with additional discounts as you trade higher volumes (i.e. 25 contracts would cost $15.00, which is great pricing for active options traders).

tastytrade, IG’s U.S. subsidiary: It’s worth mentioning the tastytrade options trading platform, which delivers innovative tools with advanced trading capabilities. The tastytrade acquisition in 2021 has helped IG gain an edge in catering to options traders. Whether you need advanced Greeks or complex multi-legged options strategies, tastytrade has some of the most sophisticated options trading platform technology in the industry. You can learn more about tastytrade by checking out the tastytrade review at StockBrokers.com.

Company	Overall Rating	Minimum Deposit	Average spread (EUR/USD) - Standard account
Saxo		$0	1.0 info

Saxo Bank, a multi-asset broker, is a long-time provider of both over-the-counter (OTC) forex options, and exchange-traded options.

Versatile order ticket for options: What I like most about Saxo’s forex options offering is that when you are trading forex, you can switch from spot forex to forex swaps to forex options, right from within the trade ticket window when creating an order. Choosing, for instance, a plain vanilla option will load a vanilla call contract, but then you can cycle through other contract types such as one-touch or no-touch options.

Advanced options analysis: For more advanced options strategies, Saxo has a dedicated options section under its markets categories, where you can choose from seven pre-defined options strategies, such as a Straddle, Strangle, Calendar Spread, or Butterfly, or create custom multi-legged positions, including net-credit and net-debit spreads. You can also analyze Greeks, for those who want more granular options metrics, and there is an integrated risk graph showing the options payoff diagram. Read my Saxo review to learn more.

Company	Overall Rating	Minimum Deposit	Average spread (EUR/USD) - Standard account
CMC Markets		$0	1.3 info

CMC Markets is a highly-trusted multi-asset broker that offers forex, shares, CFDs, and other derivatives including over-the-counter (OTC) options, forex forwards, and countdowns. It’s worth mentioning that while CMC Markets doesn't explicitly offer forex options, it offers many similar products both off-exchange and on-exchange.

CMC Markets recently added several OTC options on its CFD platform, mainly across U.S. and EU stock indices, with more assets expected to roll out. Its Forward CFD contracts and its exchange-traded options on CMC Invest constitute the bulk of its options offering.

Forward contracts: From the more than 210 available forward contracts (forwards contracts are available for 92 commodities, 66 indices and 37 treasuries), CMC Markets offers 16 forward contracts for forex, depending on the time of the year, as some contract dates may not yet be tradable. These contracts have expiration dates that range from the current month to three months out.

Exchange-traded options: CMC Markets offers both cash-settled and deliverable exchange-traded options (ETOs) from its Pro and desktop platforms via its CMC Invest brand in Australia (these products are not available on the NextGeneration platform, which is for forex CFDs and forwards). Note: The range of options strategies available will depend on your “Tier.” Tiers range from Tier 1, for buying basic puts and calls and simple strategies, all the way up to Tier 4, which is for more advanced multi-legged positions including naked puts and calls. Check out my CMC Markets review.

Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).

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