Brokers with
Options brokers in Canada with advanced order types
2 brokers offer stop, trailing stop and bracket orders on options for residents of Canada. The same facts for each: fees, approvals, countries.
Advanced order types let you set your exit in advance. Examples are a stop order, a trailing stop and a bracket order, which pairs a profit target with a stop. Check whether these orders work on options and on multi-leg orders, and which price the broker uses to trigger them. 2 brokers offer stop, trailing stop and bracket orders on options for residents of Canada.
At a glance: 2 brokers, 1 at $0 per contract, 0 with $0 exercise and assignment, 2 approving naked options, 1 working with QuantWheel; median fee $0.63 per contract, lowest margin rate at $50,000 6.50%.
| 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 | |
 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.
Options order typesEdge Web and Desktop offer market, limit, stop, stop-limit, trailing stop, trailing stop-limit, limit on open and limit on close for stocks, ETFs or options, plus bracket and conditional orders. Multi-leg options use pre-built strategies or Custom with one net limit price (for example iron condors with four legs), and the Questrade app and Questrade Trading offer market and limit only.
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.
Options order typesAll TD platforms offer stop, stop limit, trailing stops (by price and %) and trailing stop limit. Contingent orders run on WebBroker, Advanced Dashboard (One-Cancels-Other, One-Triggers-Another, First-Triggers-OCO) and TD Active Trader (OCO, OCO + up to 3 legs, First Triggers All or Sequence + up to 7 legs, up to eight linked orders). Multi-leg options go up to 2 legs on WebBroker, the TD app and Advanced Dashboard and up to 4 legs on TD Active Trader (US options).
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
Advanced order types