Brokers for
Options brokers for US visa holders
6 brokers open accounts for visa holders who live in the United States for residents of the United States. The same facts for each: fees, approvals, countries.
Some brokers open accounts for people who live in the United States on a visa, and some accept an ITIN in place of a Social Security number. The IRS issues an ITIN, a 9-digit tax number, to people who are not eligible for a Social Security number. Check which visa types the broker accepts. 6 brokers open accounts for visa holders who live in the United States.
At a glance: 6 brokers, 5 at $0 per contract, 3 with $0 exercise and assignment, 2 approving naked options, 4 working with QuantWheel; median fee $0.00 per contract, lowest margin rate at $50,000 5.05%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 Alpaca | Coming | $0 per contractPartner, index and professional rates differ | Not published | Spreads | Yes | 6.25% | |
 Public | Trade & Sync | $0 per contractIndex options $0.35 plus exchange fees | Not published | Naked | Yes | 5.15% | |
 Robinhood | Sync-only | $0 per contractIndex contracts and other fees extra | $0 | Spreads | Yes | 5.05% | |
 Webull | Trade & Sync | $0 per contractOversized and index orders cost extra | Not published | Naked | Yes | 8.74% | |
 J.P. Morgan Self-Directed | $0.65 per contractCall-in orders add $25 | $0 | Covered | Not published | |||
 SoFi Invest | $0 per contractRegulatory and clearing fees apply | $0 | Covered | Yes | 9.00% |
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.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.
Visa holders and ITINAccepted visas, as of October 2023, are E-1, E-2, E-3, F-1, H1-B, TN-1, J-1, L-1, B-1, B-2 and O-1, with a legal US residential address in the 50 states or Puerto Rico. An ITIN is accepted in place of an SSN, typically after manual verification with the ITIN letter or card (as of March 18, 2026 and July 6, 2026).
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.
Visa holders and ITINHolders of E1, E2, E3, F1, H1B, TN1 and O1 visas are accepted. An ITIN is not accepted on its own, as a valid Social Security Number is required.
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.
Visa holders and ITINA valid US visa qualifies (work and student visas among others). An ITIN is not accepted, as a valid Social Security Number is required rather than a Taxpayer Identification Number.
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.
Visa holders and ITINNon-permanent residents with E1, E2, E3, F1, H1B, TN1, O1 or L1 visas are accepted, and an SSN or an ITIN can be used.
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.
Visa holders and ITINResident aliens and W-9 tax-paying non-US citizens can open an account with an SSN or other eligible TIN and a US home address, if they are not citizens of an OFAC-sanctioned country. Without a Green Card they must not hold an A, F, G, M or Q visa (or be the spouse or unmarried child under 21 of a visa holder) and must have been physically present in the US at least 31 days this year and 183 days over the last 3 years. ITIN and EIN are not eligible.
SoFi Invest$0 per contract · $0 exercise and assignment · covered
SoFi Invest opens options accounts for residents of the United States. It charges $0 per contract (Regulatory and clearing fees apply). 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.
Visa holders and ITINUS non-permanent residents with a supported visa (E-1, E-2, E-3, F-1, G-4, H-1B, L-1, O-1, TN-1) can open an account, re-verifying residency every 6 months, and a US SSN or ITIN is accepted.
Compare two of them
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.Questions people ask
US visa holders