Brokers with
Options brokers in Australia for a cash account
2 brokers allow options in a cash account for residents of Australia. The same facts for each: fees, approvals, countries.
A cash account means you pay for every trade with money already in the account, with no loan from the broker. The brokers here allow covered calls or cash-secured puts in it. Check which other options the broker allows in a cash account, and how it treats trades made with cash that has not settled. 2 brokers allow options in a cash account for residents of Australia.
At a glance: 2 brokers, 1 at $0 per contract, 1 with $0 exercise and assignment, 2 approving naked options, 1 working with QuantWheel; median fee $0.05 per contract, lowest margin rate at $50,000 8.20%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 TradeStation | Trade & Sync | $0 via QuantWheelIndex options add $0.75 per contract | $0 | Naked | Yes | Negotiable | |
 eOption | $0.10 + $1.99 per tradeBase fee and other charges apply | $9 | Naked | Not published | 8.20% |
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 Australia. 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.
Level for covered calls and cash-secured putsCovered calls Level 1; cash-secured puts allowed in cash accounts, level not published.
eOption$0.10 + $1.99 per trade · $9 per event · naked
eOption opens options accounts for residents of Australia. 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.
Level for covered calls and cash-secured putsCovered calls and cash-secured puts Level 1, no margin needed; allowed in IRAs (international cash accounts may only write covered calls)
More by what you need
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
Options in a cash account