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Options brokers in Canada for 0DTE

2 brokers allow contracts that expire the same day for residents of Canada. The same facts for each: fees, approvals, countries.

0DTE means trading an option on the day it expires, and SPX and some ETF options have expirations every day. A 0DTE option you buy can expire worthless within hours. Many brokers stop new opening orders before the close on expiration day, so check that cut-off and when the broker closes positions you still hold. 2 brokers allow 0DTE trades for residents of Canada.

At a glance: 2 brokers, 2 at $0 per contract, 1 with $0 exercise and assignment, 2 approving naked options, 2 working with QuantWheel; median fee $0.00 per contract, lowest margin rate at $50,000 4.95%.

BrokerQuantWheelExerciseApproval0DTEMarginOffers
QuestradeSync-onlyUS$0 per contractCanadian contracts CA$0.99; index contracts US$0.99Exercise $24.95, assignment $0NakedYesNot published
WealthsimpleTrade & SyncUS$0 per contractIndex contracts and FX priced separately$0NakedYes4.95%
2 of 28 brokersIn the published order

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 allows contracts that expire the same day. 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 allows contracts that expire the same day. 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.

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.

Related pages

The same page for other countries, then the facets traders pair with this one.

Questions people ask

0DTE

Wealthsimple and Questrade.

Wealthsimple, Questrade and Qtrade. Index options settle in cash, so there is no assignment of shares. See the full list

Wealthsimple, Questrade, TD Direct Investing, CIBC Investor's Edge and Qtrade. Defined-risk multi-leg trades need the second approval level; for ten contracts a leg, a per-leg cap beats a flat per-contract fee. See the full list

Brokers that work with QuantWheel sort first and carry the mark, because that is a fact about them, not a score. Sorting a column overrides this.

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The share card of Options brokers in Canada for 0DTE