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Options brokers in Canada for buying options

One broker allows buying calls and puts at the first level for residents of Canada. The same facts for each: fees, approvals, countries.

Buying an option means you pay a premium for the right to buy shares with a call, or sell them with a put, at the strike price. The most you can lose is that premium plus fees, and the option can expire worthless. Check the approval level for buying calls and puts and whether it works in a cash account. One broker allows buying calls and puts at the first level for residents of Canada.

At a glance: 1 broker, 1 at $0 per contract, 0 with $0 exercise and assignment, 1 approving naked options, 1 working with QuantWheel; median fee $0.00 per contract, lowest margin rate at $50,000 none.

BrokerQuantWheelExerciseApproval0DTEMarginOffers
QuestradeSync-onlyUS$0 per contractCanadian contracts CA$0.99; index contracts US$0.99Exercise $24.95, assignment $0NakedYesNot published
1 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 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.

    Level to buy calls and putsLevel 1 (Long Calls and Puts), with no minimum equity and a signed options agreement, allowed in Cash, registered and Margin accounts (Cash and registered accounts go up to Level 2).

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

Buying calls and puts

Questrade, among the brokers that open accounts for residents of Canada.

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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