Brokers with
Options brokers in Canada with low margin rates
3 brokers lend under 8% at a $50,000 balance for residents of Canada. The same facts for each: fees, approvals, countries.
The margin rate is the yearly interest a broker charges on money you borrow, measured here at a $50,000 balance. It matters when you hold assigned shares on margin or borrow to pay for a position. Check the rate tiers, since larger balances often pay less, and whether the rate follows a benchmark such as the prime rate. 3 brokers lend under 8% for residents of Canada.
At a glance: 3 brokers, 1 at $0 per contract, 1 with $0 exercise and assignment, 3 approving naked options, 1 working with QuantWheel; median fee $1.25 per contract, lowest margin rate at $50,000 4.95%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 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% | ||
 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.WealthsimpleUS$0 per contract · $0 exercise and assignment · naked
Wealthsimple lends at 4.95% on a $50,000 balance. 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.
CIBC Investor's Edge$1.25 + $6.95 per trade · $6.95 + $1.25 per contract · naked
CIBC Investor's Edge lends at 6.25% on a $50,000 balance. 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.
TD Direct Investing$1.25 + $9.99 per trade · $15 per event · naked
TD Direct Investing lends at 6.50% on a $50,000 balance. 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.
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
Margin rate under 8%