Brokers for
Options brokers for joint accounts
16 brokers open joint accounts for residents of the United States. The same facts for each: fees, approvals, countries.
A joint account is one brokerage account owned by two or more people, often a couple. Check which approval levels the broker allows in a joint account and whether it offers a joint margin account. 16 brokers open joint accounts for residents of the United States.
At a glance: 16 brokers, 4 at $0 per contract, 10 with $0 exercise and assignment, 13 approving naked options, 10 working with QuantWheel; median fee $0.57 per contract, lowest margin rate at $50,000 5.05%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 TradeStation | Trade & Sync | $0 via QuantWheelIndex options add $0.75 per contract | $0 | Naked | Yes | Negotiable | |
 E*Trade | Trade & Sync | $0.65 per contract$0.50 at 30+ trades per quarter | $0 | Naked | Yes | 11.70% | |
 Fidelity | Sync-only | $0.65 per contractBuy to close at $0.65 or less costs $0 | $0 | Naked | Yes | 10.63% | |
 Interactive Brokers | Sync-only | $0.65 per contract$1 minimum; additional fees | $0 | Naked | Yes | 5.38% | |
 Robinhood | Sync-only | $0 per contractIndex contracts and other fees extra | $0 | Spreads | Yes | 5.05% | |
 Schwab | Sync-only | $0.65 per contractAdditional fees may apply | $0 | Naked | Yes | 10.63% | |
 tastytrade | Trade & Sync | $1 open / $0 close$10 opening cap per leg; other fees apply | $5 | Naked | Yes | 10.00% | |
 TradeZero | Coming | $0.42 per contract$20 order cap; index contracts excluded | Exercise $10 auto / $35 manual, assignment $10 per line | Not published | Not published | 9.00% | |
 Tradier | Coming | $0.35 per contractPaid plans differ; other fees apply | $9 | Naked | Yes | 9.75% | |
 Webull | Trade & Sync | $0 per contractOversized and index orders cost extra | Not published | Naked | Yes | 8.74% | |
 eOption | $0.10 + $1.99 per tradeBase fee and other charges apply | $9 | Naked | Not published | 8.20% | ||
 Firstrade | $0 per contractRegulatory fees apply | $0 | Naked puts | Yes | 11.50% | ||
 J.P. Morgan Self-Directed | $0.65 per contractCall-in orders add $25 | $0 | Covered | Not published | |||
 Lightspeed | $0.50 per contractWeb and mobile orders have a $1 minimum; other fees apply | $15 | Naked | Not published | 10.00% | ||
 Merrill Edge | $0.65 per contractCash-settled exercise and assignment charged per contract | $0 | Naked | Yes | Not published | ||
 Vanguard | $1 per contractEligible higher-balance accounts receive waivers | $0 | Naked puts | Not published | 11.25% |
The brokers one by one
What qualifies each for this page, from its fee schedule and options agreement, and the one fact that sets it apart.TradeStation$0 via QuantWheel · $0 exercise and assignment · naked
TradeStation opens options accounts for residents of the United States. It charges $0 via QuantWheel (Index options add $0.75 per contract). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Rollover IRA, Beneficiary IRA, Trust, Business.
E*Trade$0.65 per contract · $0 exercise and assignment · naked
E*Trade opens options accounts for residents of the United States. It charges $0.65 per contract ($0.50 at 30+ trades per quarter). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Individual 401(k), other IRAs, Coverdell ESA, Custodial, Trust, Business
Fidelity$0.65 per contract · $0 exercise and assignment · naked
Fidelity opens options accounts for residents of the United States. It charges $0.65 per contract (Buy to close at $0.65 or less costs $0). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, other IRAs, Self-employed 401(k), Custodial, Trust, Estate, Business, 529
Interactive Brokers$0.65 per contract · $0 exercise and assignment · naked
Interactive Brokers opens options accounts for residents of the United States. It charges $0.65 per contract ($1 minimum; additional fees). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Rollover and Inherited IRA, Custodial (cash only), Trust, Business
Robinhood$0 per contract · $0 exercise and assignment · spreads
Robinhood opens options accounts for residents of the United States. It charges $0 per contract (Index contracts and other fees extra). Exercise and assignment cost $0. It approves up to defined-risk spreads. It trades on Web, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, Custodial, Trust (revocable)
Schwab$0.65 per contract · $0 exercise and assignment · naked
Schwab opens options accounts for residents of the United States. It charges $0.65 per contract (Additional fees may apply). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE IRA, other IRAs, Individual 401(k), Custodial, Trust, Estate, Organization
tastytrade$1 open / $0 close · $5 per event · naked
tastytrade opens options accounts for residents of the United States. It charges $1 open / $0 close ($10 opening cap per leg; other fees apply). Exercise and assignment cost $5 each. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, SEP IRA, Beneficiary IRA, Trust, Business; custodial not listed
TradeZero$0.42 per contract · $10 per event · not published
TradeZero opens options accounts for residents of the United States. It charges $0.42 per contract ($20 order cap; index contracts excluded). Exercise and assignment cost $10 each. It does not publish its highest options level. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; placing orders from QuantWheel is coming soon, so today you place them at the broker.
Account typesIndividual, Joint, Business (LLC, corporation, partnership; $30,000 minimum, professional); IRA, trust and custodial not listed
Tradier$0.35 per contract · $9 per event · naked
Tradier opens options accounts for residents of the United States. It charges $0.35 per contract (Paid plans differ; other fees apply). Exercise and assignment cost $9 each. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; placing orders from QuantWheel is coming soon, so today you place them at the broker.
Account typesIndividual, Joint, Traditional IRA, Roth IRA; Trust and Business by paperwork ($10 opening fee)
Webull$0 per contract · exercise fee not published · naked
Webull opens options accounts for residents of the United States. It charges $0 per contract (Oversized and index orders cost extra). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, Rollover IRA, Custodial, Business; also futures, managed and crypto accounts
eOption$0.10 + $1.99 per trade · $9 per event · naked
eOption opens options accounts for residents of the United States. 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.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Rollover IRA, Coverdell ESA, Custodial, Trust, Business
Firstrade$0 per contract · $0 exercise and assignment · naked puts
Firstrade opens options accounts for residents of the United States. It charges $0 per contract (Regulatory fees apply). Exercise and assignment cost $0. It approves up to naked short puts, not naked calls. It trades on Web, Mobile. It is not connected to QuantWheel.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Rollover IRA, minor IRAs, Coverdell ESA, Custodial, Trust; no business
J.P. Morgan Self-Directed$0.65 per contract · $0 exercise and assignment · covered
J.P. Morgan Self-Directed opens options accounts for residents of the United States. It charges $0.65 per contract (Call-in orders add $25). Exercise and assignment cost $0. It approves up to covered calls and cash-secured puts. It trades on Web, Mobile. It is not connected to QuantWheel.
Account typesIndividual, Joint (may need a Chase branch), Traditional IRA, Roth IRA, Custodial, Trust
Lightspeed$0.50 per contract · $15 per event · naked
Lightspeed opens options accounts for residents of the United States. It charges $0.50 per contract (Web and mobile orders have a $1 minimum; other fees apply). Exercise and assignment cost $15 each. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. It is not connected to QuantWheel.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, SEP IRA, Rollover IRA, Trust, Business (corporate, LLC, partnership); custodial not listed
Merrill Edge$0.65 per contract · $0 exercise and assignment · naked
Merrill Edge opens options accounts for residents of the United States. It charges $0.65 per contract (Cash-settled exercise and assignment charged per contract). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Mobile. It is not connected to QuantWheel.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Rollover and Inherited IRA, Custodial, Trust, Estate, 529
Vanguard$1 per contract · $0 exercise and assignment · naked puts
Vanguard opens options accounts for residents of the United States. It charges $1 per contract (Eligible higher-balance accounts receive waivers). Exercise and assignment cost $0. It approves up to naked short puts, not naked calls. It trades on Web, Mobile. It is not connected to QuantWheel.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, SEP-IRA, Spousal IRA, minor IRAs, Custodial, Trust, Organization, 529
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The pair pages among these brokers, with a verdict.More by what you trade
Every page in this folder lists the brokers that qualify, with the same facts.Related pages
The same page for other countries, then the facets traders pair with this one.Questions people ask
Joint accounts