Brokers with
Options brokers in Canada with options education
3 brokers offer options courses or webinars at no cost for residents of Canada. The same facts for each: fees, approvals, countries.
Options education at a broker means courses, articles or live webinars on how options work. It helps most before you ask for a higher approval level. Check whether the lessons cover the strategies you plan to trade and whether you need an account to see them. 3 brokers offer options courses or webinars at no cost for residents of Canada.
At a glance: 3 brokers, 1 at $0 per contract, 0 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 6.25%.
| 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 | |
 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.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 educationFree Learning Centre 'Options & Active Trading' articles (for example The Wheel Strategy Explained, Vertical Spreads Explained, Long Call, Long Put, Options Strategies in Registered Accounts) and a free on-demand webinar, 'Options Trading with OptionsPlay' (about 2 hours).
CIBC Investor's Edge$1.25 + $6.95 per trade · $6.95 + $1.25 per contract · naked
CIBC Investor's Edge opens options accounts for residents of Canada. 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.
Options educationFree options education includes a 15-part 'How to trade options' course and options video series, an 'Options Fundamentals' webinar (recorded, transcript available), an options strategies overview, articles such as 'Understanding the Option Greeks' and a guide to trading options on CDRs.
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 educationFree options education includes options webinars, master classes and videos (calendar of events), TD Active Trader Live sessions every Tuesday and Thursday at 10 AM ET, and Learning Centre options lessons such as 'How to trade options?' and placing an options order.
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
Options education