Brokers with
Options brokers in Canada with no account fees
2 brokers charge no platform or inactivity fee for residents of Canada. The same facts for each: fees, approvals, countries.
Account fees are what a broker charges to keep your account open, apart from trading. The two to watch are a monthly platform fee and an inactivity fee when you trade little or keep a small balance. The brokers here charge neither, so check the transfer-out fee, which they can still charge when you move the account. 2 brokers charge no platform or inactivity fee 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.
Account fees (platform, inactivity, transfer out)No platform, annual or inactivity fee; transfer out $150 (currency not stated)
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 fees (platform, inactivity, transfer out)No platform, inactivity or transfer-out fee; USD account $10 + tax a month on Core (currency not stated), needed to write calls in FHSA, TFSA, RRSP, LIRA
Compare two of them
The pair pages among these brokers, with a verdict.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
No account fees