Brokers with
Options brokers in Canada with instant deposits
2 brokers offer instant deposits for residents of Canada. The same facts for each: fees, approvals, countries.
An instant deposit gives you buying power before your bank transfer arrives, up to a limit the broker sets. Check the limit, whether you can trade options with the money, and how long the transfer takes to settle. 2 brokers offer instant deposits 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%.
| 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% |
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.
Instant depositInstant deposit by Interac or Canadian Visa Debit puts cash in the account immediately, up to $10,000 per day or the bank's daily limit, in CAD only. No paid plan is needed.
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.
Instant depositInstant deposits let you trade right away in Trade accounts, with limits set per client from deposit history and assets, up to $50,000 for Core and up to $250,000 for Premium and Generation clients, resetting every 3 business days. No paid plan is needed, as tiers depend on assets.
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Instant deposits