Brokers in
Options brokers in Canada
5 brokers open options accounts for residents of Canada. The same facts for each: fees, exercise and assignment, approvals, and whether they work with QuantWheel.
The country you live in decides which brokers accept your application, so this page lists only the ones that open accounts for residents of Canada. Some also check citizenship or visa status. 5 brokers qualify today, and each row shows the fees and rules of the broker's own company. Before you fund an account, check the account currency and the approval levels the broker gives residents of Canada.
At a glance: 5 brokers, 2 at $0 per contract, 1 with $0 exercise and assignment, 5 approving naked options, 2 working with QuantWheel; median fee $0.75 per contract, lowest margin rate at $50,000 4.95%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 Questrade | Sync-only | US$0 per contractCanadian contracts CA$0.99; index contracts US$0.99 | Exercise $24.95, assignment $0 | Naked | Yes | Not published | |
 Wealthsimple | Trade & Sync | US$0 per contractIndex contracts and FX priced separately | $0 | Naked | Yes | 4.95% | |
 CIBC Investor's Edge | $1.25 + $6.95 per tradeU.S. trades are charged in US$ | $6.95 + $1.25 per contract | Naked | Not published | 6.25% | ||
 Qtrade | $0.75 per contractExercise uses representative-assisted schedule | Exercise Representative rate; $45 minimum, assignment $30 | Naked | Not published | Not published | ||
 TD Direct Investing | $1.25 + $9.99 per tradeTrade currency; event fees use account currency | Exercise $15 auto / $43 manual, assignment $15 | Naked | Not published | 6.50% |
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.QuestradeUS$0 per contract · Exercise $24.95, assignment $0 · naked
Questrade opens options accounts for residents of Canada. It charges US$0 per contract (Canadian contracts CA$0.99; index contracts US$0.99). Exercise costs $24.95, and assignment costs $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.
WealthsimpleUS$0 per contract · $0 exercise and assignment · naked
Wealthsimple opens options accounts for residents of Canada. It charges US$0 per contract (Index contracts and FX priced separately). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Mobile. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
CIBC Investor's Edge$1.25 + $6.95 per trade · $6.95 + $1.25 per contract · naked
CIBC Investor's Edge opens options accounts for residents of Canada. It charges $1.25 + $6.95 per trade (U.S. trades are charged in US$). Exercise and assignment cost $6.95 + $1.25 per contract each. It approves up to naked short options. It trades on Web, Mobile. It is not connected to QuantWheel.
Qtrade$0.75 per contract · Exercise Representative rate; $45 minimum, assignment $30 · naked
Qtrade opens options accounts for residents of Canada. It charges $0.75 per contract (Exercise uses representative-assisted schedule). Exercise costs Representative rate; $45 minimum, and assignment costs $30. It approves up to naked short options. It trades on Web, Mobile. It is not connected to QuantWheel.
TD Direct Investing$1.25 + $9.99 per trade · $15 per event · naked
TD Direct Investing opens options accounts for residents of Canada. It charges $1.25 + $9.99 per trade (Trade currency; event fees use account currency). Exercise and assignment cost $15 each. It approves up to naked short options. It trades on Web, Desktop, Mobile. It is not connected to QuantWheel.
Through a local company
These companies open options accounts for residents of Canada. Each belongs to the group of a broker in this directory and sets its own fees and rules, so check them on its website.
Compare two of them
The pair pages among these brokers, with a verdict.Other countries
The most searched countries in the same region. The menu lists every country.Related pages
The same brokers narrowed by what you trade and what you need.Questions people ask
Canada