Brokers with
Options brokers in China with low-cost spreads
2 brokers charge $0.10 or less per contract on spreads in all for residents of China. The same facts for each: fees, approvals, countries.
A spread pays the fee per contract on every leg, so a four-leg iron condor pays it on four contracts to open and again to close. This page adds the fees up on the cost calculator's iron condor example and keeps the brokers at $0.10 or less per contract; a broker that does not publish one of these fees is left out. If you trade spreads on SPX, check the index option fee too. 2 brokers charge $0.10 or less per contract on spreads in all for residents of China.
At a glance: 2 brokers, 2 at $0 per contract, 2 with $0 exercise and assignment, 2 approving naked options, 1 working with QuantWheel; median fee $0.00 per contract, lowest margin rate at $50,000 11.50%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 TradeStation | Trade & Sync | $0 via QuantWheelIndex options add $0.75 per contract | $0 | Naked | Yes | Negotiable | |
 Firstrade | $0 per contractRegulatory fees apply | $0 | Naked puts | Yes | 11.50% |
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.TradeStation$0 via QuantWheel · $0 exercise and assignment · naked
TradeStation opens options accounts for residents of China. It charges $0 via QuantWheel (Index options add $0.75 per contract). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
Firstrade$0 per contract · $0 exercise and assignment · naked puts
Firstrade opens options accounts for residents of China. It charges $0 per contract (Regulatory fees apply). Exercise and assignment cost $0. It approves up to naked short puts, not naked calls. It trades on Web, 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
Low-cost spreads