NewWelcome to the QuantWheel Marketplace, the one place for anything options trading.Visit The Marketplace
QuantWheel
Try Demo

Brokers with

Options brokers in Canada with $0 per contract

2 brokers charge $0 per contract on equity options for residents of Canada. The same facts for each: fees, approvals, countries.

$0 per contract means the broker charges no commission, the fee per contract, to open or close an equity option. Exchange and regulatory fees can still apply to each contract, and index options such as SPX usually carry their own fee. Check both in the broker's fee schedule. 2 brokers charge $0 per contract 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%.

BrokerQuantWheelExerciseApproval0DTEMarginOffers
QuestradeSync-onlyUS$0 per contractCanadian contracts CA$0.99; index contracts US$0.99Exercise $24.95, assignment $0NakedYesNot published
WealthsimpleTrade & SyncUS$0 per contractIndex contracts and FX priced separately$0NakedYes4.95%
2 of 28 brokersIn the published order

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 charges $0 per contract on equity options. 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.

  • WealthsimpleUS$0 per contract · $0 exercise and assignment · naked

    Wealthsimple charges $0 per contract on equity options. 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.

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

$0 per contract

Wealthsimple and Questrade. Exchange and regulatory fees can still apply, and index options can carry their own fee, so check the fee schedule.

Wealthsimple. TD Direct Investing charges for it, which matters if you run the wheel. See the full list

Wealthsimple, Questrade, TD Direct Investing, CIBC Investor's Edge and Qtrade. Defined-risk multi-leg trades need the second approval level; for ten contracts a leg, a per-leg cap beats a flat per-contract fee. See the full list

Brokers that work with QuantWheel sort first and carry the mark, because that is a fact about them, not a score. Sorting a column overrides this.

Share this page

Copy the link to send this page to someone. The picture beside it is what they see.
The share card of Options brokers in Canada with $0 per contract