Options brokers for LLC and business accounts

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.

Alpaca$0 per contract · exercise fee not published · spreads

Alpaca opens options accounts for residents of the United States. It charges $0 per contract (Partner, index and professional rates differ). It does not publish its exercise and assignment fees. It approves up to defined-risk spreads. It trades on Web, 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, Traditional IRA, Roth IRA (since May 2026), Business ($30,000 minimum); no joint, custodial or trust

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

Public$0 per contract · exercise fee not published · naked

Public opens options accounts for residents of the United States. It charges $0 per contract (Index options $0.35 plus exchange fees). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, 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, Traditional IRA, Roth IRA, Business (single-owner LLC or corporation); no custodial

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

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

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

Zacks Trade$1 first / $0.75 additional · $0 exercise and assignment · not published

Zacks Trade opens options accounts for residents of the United States. It charges $1 first / $0.75 additional (U.S. options, USD). Exercise and assignment cost $0. It does not publish its highest options level. It trades on Web, Desktop, Mobile. It is not connected to QuantWheel.

Account typesIndividual, IRA, Trust, Business (corporation, partnership, other entity)