# Optionality: Options Trading — Manage Risk & Trade Spreads > Mobile platform for trading stocks, options, and ETFs with risk management tools. (iPhone/iPad app by Optionality, LLC.) - Source: https://appshunter.io/ios/app/optionality-options-trading/id1595826015 (this page in markdown: same URL + `.md`) - Developer: [Optionality, LLC](https://appshunter.io/developer/1556113865) - Category: Finance - Price: Free - Rating: 4.47/5 from 73 App Store ratings · 52 written reviews indexed - Age rating: 4+ - Requires: iOS 15.6 · 92 MB - Languages: English - Released: 2022-03-30 - Data updated: 2026-06-10 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/optionality-options-trading/id1595826015/reviews.md ## What is Optionality? Leaving desktops in the dust! Invest in stocks, options, and ETFs, all with competitive commissions. Minimum initial deposit of $5,000. Optionality by Lightspeed is a modern trading app designed to bridge the gap between brokerage and technology, creating meaningful trading experiences for retail investors. We aim to empower active investors by enhancing the world of options trading, bringing real accessibility to the market for the first time. We all want a leg up in the market, so we aim to meet you where you are, whether you're just getting started or have been searching for a new way to trade. We believe knowledge is power, but you shouldn't have to do it alone. So we’ve created a mobile trading app designed to filter options trades based on your risk tolerance and affordability. No more confusing options chains! Utilize proprietary algorithms to shop for available trades by expiration. Our technology filters trades by max loss and max gain, so you can measure your risk tolerance before placing a trade. Navigate volatile markets like never before: Access unique market sentiment gauges, trending tickers, and educational data through our Discover tab -Crowd wisdom -Hedge fund trends -Blogger sentiment -Analyst consensus -News sentiment OUR REVIEWS SPEAK FOR THEMSELVES! "For me, they strike the perfect balance between wanting to trade equities and naked options. I get better upside potential than trading equities, but there is less risk than trading calls & puts: - Raylosophy “The experience you get trading on Optionality is unmatched. It's extremely easy to understand even if you've never touched options. It explains your max profits and loss for each trade which is awesome" - Shahd N *Testimonials are from past Optionality users. No compensation was given* Disclosure: Disclaimer: Equities, equities options, and commodity futures products and services are offered by Lightspeed Financial Services Group LLC (Member FINRA, NFA and SIPC). The Optionality mobile trading app is offered exclusively by Lightspeed Financial Services Group LLC (“Lightspeed”). SIPC coverage is available only for securities, and for cash held in connection with the purchase or sale of securities, in equities and equities options accounts. You may check the background of Lightspeed Financial Services Group LLC on FINRA’s BrokerCheck. All investments involve risk and past performance of any security does not guarantee future results or returns. System response, trade executions and account access may be affected by market conditions, system performance, quote delays and other factors. The risk of loss in electronic trading can be substantial. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Lightspeed makes no guarantee as to the accuracy or quality of information published and/or archived on the platform, nor will Lightspeed accept any responsibility for other organizations, businesses, and private persons that provide information on this platform. All information on the platform regarding products and services provided on the Optionality app is subject to change without notice. Lightspeed is not responsible for misprints, out of date information, or errors. Lightspeed does not provide any financial or investment advice. As with all your investments, you must make your own determination as to whether an investment in any particular security or securities is right for you based on your investment objectives, risk tolerance, and financial situation. Options trading involves a high degree of risk and may involve total loss of investment. Options spreads, specifically, offer the benefit of projected maximum gain and loss positions defined as “defined risk trades” and “defined outcomes”, but in rare situations may result in gain/loss in excess of the projected cap. For more information on options, please read Characteristics and Risks of Standardized Options before deciding to invest in options. ## Key features - Trade stocks, options, and ETFs - Filter trades by expiration, max loss, and max gain - Proprietary algorithms for trade selection - Market sentiment gauges - Trending tickers and educational data - Risk tolerance filtering ## Recent user reviews (10 of 52) All indexed reviews: https://appshunter.io/ios/app/optionality-options-trading/id1595826015/reviews.md ### 5/5 — It’s official, I love Optionality!! *2023-08-18* Okay, this review is long overdue, but here it is: I love Optionality. As someone who's been successfully trading options since 2013, I've tried almost every trading app on the market, and Optionality is my favorite. I've used TOS, TD Ameritrade, E-trade, Firstrade, eTorro options (formerly Gatsby), Aries, Tradestation, etc., but the ease-of-use and streamlined approach offered by Optionality is the best. After choosing your ticker and direction, Optionality presents the entry cost, max/potential gain, risk level, and breakeven price. They also section off the prepackaged options by "Risk Bucket," allowing you to instantly choose the best option (pun intended) for your risk tolerance. In my opinion, having that readily available information improves confidence and speed of execution. For me, they strike the perfect balance between wanting to trade equities (shares) and naked options. I get better upside potential than trading shares, but there's (a lot) less risk than trading naked CALLS and PUTS. Here's an oversimplified Example: If I'm bullish on AAPL, I can find a prepackaged credit spread on Optionality for half the cost of a naked CALL, and the upside is exponentially more than buying shares. Lastly, let's talk about support. I've been able to reach customer support via phone and email. Email is a lot easier and pretty responsive (less than 30 minutes), but at least on one occasion (I've only called twice), I've been able to speak with someone and receive the support I needed. They’re nimble, thoughtful about app updates and open to feedback. Oh yeah...I don't Day Trade on Optionality, so I can't speak to any of that, but as someone who prefers to swing trade—I find it best to use limit orders (as opposed to market orders) on this platform. **Developer response:** Hi Raylosophy, thanks for the detailed review. This absolutely MADE OUR DAY!!! We will be sure to pass your feedback along to our entire team. We deeply appreciate your feedback and continued support! ### 3/5 — Execution times *2023-07-03, version 3.1.0* They really need to just focus on getting faster execution & sell times. Takes too long to get an order filled. ### 5/5 — Options trading demystified *2023-05-12, version 3.0.8* Great platform, especially if you are a newcomer to the world of financial derivatives. want to dip your toes into options without risking the house or the approval of your wife? Optionality is for you! Great, seamless UI. Demystifies the options trading experience! ### 5/5 — Streamlined and Intuitive *2023-04-21, version 3.0.7* A very pleasant experience using the app . Easily understand the risk/reward your taking while playing with options which is very helpful ### 4/5 — Great App but Needs More Improvement *2023-03-22, version 2.9.3* Fast support team. Alec the CEO of the company is always quick to answer a call and solve an issue over the phone. Withdrawal only takes a few hours to hit your bank account. Complain: Please improve close order execution to avoid loosing money. Other than than, this broker is a hidden gen in option trading space. ### 5/5 — Great start up *2023-03-15, version 2.9.3* Great app to use makes it easy to trade I’ve been using this app for about 90 days now and made lots of money trading! For anyone learning stocks market this should app should be great for you ### 4/5 — Great interface, A1 Support + easy to use *2023-02-28, version 2.9.3* update: Spoke with support via email+voice and was given a lot more clarity and best practices. My account is still active and I’m looking forward to trading on Optionality. — Overall I like the app but execution was a little shaky for me. Especially during the first and last hour of trading. Limit orders didn’t get filled which led to losses. **Developer response:** Hi Raylosophy, thanks for the review. Customer support is one of our top priorities, we would love to work with you on how we can improve. Please reach out to support@optionalitytrading.com to help us better understand your situation and how we could have handled it better! ### 5/5 — Simplicity *2023-02-02, version 2.9.3* By far the easiest way to trade options. From beginners to elite trader’s this app is for you. I’ve enjoyed since downloading it. I’d love to see a black theme though. ### 5/5 — By far the best app for trading options and actually making a good profit *2023-01-27* The experience you get trading on Optionality is unmatched. It’s extremely easy to understand even if you’ve never touched options. It explains your max profits and loss for each trade you make which is awesome. I had some funding issues and the CEO, Alec, reached out to me himself to see if there was anything he could do and helped resolve the issue. I also reached out with some questions about my max gain and selling options and he was extremely helpful in explaining how it works. You will not get that kind of client service from any other brokerage from Robinhood to Charles Schwab unless you have millions in your account. Download the app!! It’ll be beyond worth it. **Developer response:** WOW Thanks Shahd N! We deeply appreciate the kind words and are so glad we were able to answer all of your questions. Thanks for joining the Optionality community. All recommendations are welcome. ### 5/5 — Very Easy For Beginners *2023-01-20, version 2.9.2* A+++++++ ## Frequently asked questions about Optionality ### What can I trade on Optionality? You can trade stocks, options, and ETFs on the Optionality platform. The app is designed to provide a modern trading experience for retail investors, bridging the gap between brokerage services and technology. ### How does Optionality help manage trading risk? The app utilizes proprietary algorithms to filter options trades based on expiration, max loss, and max gain. This allows users to measure their risk tolerance before placing a trade and helps navigate volatile markets. ### Is there a minimum deposit to use Optionality? Yes, there is a minimum initial deposit of $5,000 required to use the Optionality platform for trading. ### What kind of market data is available? Through the Discover tab, users can access unique market sentiment gauges, trending tickers, and educational data. This includes information on crowd wisdom, hedge fund trends, blogger sentiment, analyst consensus, and news sentiment. ### Who is the target audience for this app? The app is designed for active investors, whether they are just getting started or are experienced traders looking for a new way to trade. It aims to make options trading more accessible and understandable. ## Version history (last 5 releases) ### 4.1.4 — 2025-02-02 Temporarily disabled credit spreads trading. ### 4.1.3 — 2025-01-28 - Onboarding features and functionality - Market Data agreement updates - Banking status updates ### 4.1.2 — 2024-09-24 Onboarding Enhancements ### 4.1.0 — 2024-09-21 UI Enhancements ### 4.0.9 — 2024-09-07 Onboarding Flow Update ## Apps similar to Optionality | App | Rating | Price | Category | | --- | --- | --- | --- | | [Trade Alert - Stocks, Options](https://appshunter.io/ios/app/trade-alert-stocks-options/id1557034728) | 4.4 (506) | Free | Finance | | [Stock Signal: AI Stocks Watch](https://appshunter.io/ios/app/stock-signal-ai-stocks-watch/id1545704110) | 4.8 (18) | Free | Finance | | [Stock Scanner Screener AI](https://appshunter.io/ios/app/stock-scanner-screener-ai/id1531994046) | 4.7 (8,217) | Free | Finance | | [Stock Master: Investing Stocks](https://appshunter.io/ios/app/stock-master-investing-stocks/id591644846) | 4.6 (72,501) | Free | Finance | | [Trade Signals - Stocks Options](https://appshunter.io/ios/app/trade-signals-stocks-options/id1552300528) | 4.3 (683) | Free | Finance | | [FLOW Trades : Options & Stocks](https://appshunter.io/ios/app/flow-trades-options-and-stocks/id1605477856) | 4.6 (85) | Free | Finance | ## More apps by Optionality, LLC - [Paper Oyster](https://appshunter.io/ios/app/paper-oyster/id1620432642) All apps by Optionality, LLC: https://appshunter.io/developer/1556113865 --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*