Brokers for
Options brokers in Canada for LLC and business accounts
4 brokers open LLC and business accounts for residents of Canada. The same facts for each: fees, approvals, countries.
A business account is a brokerage account in the name of a company, such as an LLC, a corporation or a partnership. The minimum deposit can be higher than for a personal account. Options approval for business accounts is not in the table, so ask the broker which levels it allows before you apply. 4 brokers open LLC and business accounts for residents of Canada.
At a glance: 4 brokers, 2 at $0 per contract, 1 with $0 exercise and assignment, 4 approving naked options, 2 working with QuantWheel; median fee $0.38 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 |
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.
Account typesCash, Margin (incl. joint), TFSA, RRSP, FHSA, RESP, Spousal RRSP, LIRA, LIF, RRIF, Trust, Estate, Partnership
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.
Account typesCash and Margin (individual or joint; joint margin in beta), TFSA, RRSP, FHSA, RESP, Spousal RRSP, RRIF, LIRA, LIF, Business
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.
Account typesCash (individual, joint or corporate), Margin, TFSA, RRSP, FHSA, RESP, RRIF, LIRA, LRSP, LRIF, Trust, Estate, Partnership, Investment Club
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.
Account typesCash (individual, joint, trust, company and more), Margin, TFSA, RRSP, FHSA, RESP, RRIF, LIRA, LRSP, LIF
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
LLC and business accounts