Brokers with
Options brokers in Canada with published approval rules
One broker publish the requirements of each options level for residents of Canada. The same facts for each: fees, approvals, countries.
Options approval levels decide which strategies you can trade, from covered calls at the first level to naked options at the top. Each broker numbers its levels its own way, so level 3 means spreads at one broker and naked options at another. The brokers here publish what each level asks for, such as experience, income and net worth, so you can see which level fits you before you apply. One broker publish the requirements of each options level for residents of Canada.
At a glance: 1 broker, 1 at $0 per contract, 0 with $0 exercise and assignment, 1 approving naked options, 1 working with QuantWheel; median fee $0.00 per contract, lowest margin rate at $50,000 none.
| 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 |
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 approval rulesFour levels have published minimum equity, with Level 1 long calls and puts and Level 2 covered calls, covered puts and cash-secured puts needing no minimum, only a signed options agreement, Level 3 spreads CA$5,000 and Level 4 uncovered calls and puts CA$10,000. Levels 3 and 4 need a Margin account, registered and Cash accounts stop at Level 2, Level 1 can be ticked in the online application, and upgrades are requested online plus an uploaded signed agreement, processed in 1 to 2 business days. No experience, income or net worth thresholds are published.
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
Published approval rules