Brokers in
Options brokers in India
3 brokers open options accounts for residents of India. The same facts for each: fees, exercise and assignment, approvals, and whether they work with QuantWheel.
The country you live in decides which brokers accept your application, so this page lists only the ones that open accounts for residents of India. Some also check citizenship or visa status. 3 brokers qualify today, and each row shows the fees and rules of the broker's own company. Before you fund an account, check the account currency and the approval levels the broker gives residents of India.
At a glance: 3 brokers, 2 at $0 per contract, 3 with $0 exercise and assignment, 3 approving naked options, 2 working with QuantWheel; median fee $0.00 per contract, lowest margin rate at $50,000 10.63%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 TradeStation | Trade & Sync | $0 via QuantWheelIndex options add $0.75 per contract | $0 | Naked | Yes | Negotiable | |
 Schwab | Sync-only | $0.65 per contractAdditional fees may apply | $0 | Naked | Yes | 10.63% | |
 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 India. 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.
Schwab$0.65 per contract · $0 exercise and assignment · naked
Schwab opens options accounts for residents of India. It charges $0.65 per contract (Additional fees may apply). 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; you place the orders at the broker.
Firstrade$0 per contract · $0 exercise and assignment · naked puts
Firstrade opens options accounts for residents of India. 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.
Before you open an account
What a resident of India should know.Residents of India send money to a foreign broker under the Reserve Bank of India's Liberalised Remittance Scheme, up to US$250,000 a financial year. The scheme does not allow remittances for margin or margin calls to overseas exchanges or counterparties. Brokers add their own limits. In this directory, one broker opens cash accounts only for residents of India, and another does not let them trade options or use margin. Check the broker's rules for India before you fund an account.
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