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Options brokers in the Northern Mariana Islands with excess SIPC coverage

4 brokers have excess cover above SIPC for residents of the Northern Mariana Islands. The same facts for each: fees, approvals, countries.

SIPC protects up to $500,000 at a US broker, including up to $250,000 in cash. Excess cover adds protection above that limit, arranged by the broker or its clearing firm, and the amounts differ widely. Check the amount per customer or account, the cash limit inside it and the total the cover pays for all clients together. 4 brokers have excess cover above SIPC for residents of the Northern Mariana Islands.

At a glance: 4 brokers, 2 at $0 per contract, 3 with $0 exercise and assignment, 4 approving naked options, 4 working with QuantWheel; median fee $0.33 per contract, lowest margin rate at $50,000 5.38%.

BrokerQuantWheelExerciseApproval0DTEMarginOffers
TradeStationTrade & Sync$0 via QuantWheelIndex options add $0.75 per contract$0NakedYesNegotiable
Interactive BrokersSync-only$0.65 per contract$1 minimum; additional fees$0NakedYes5.38%
SchwabSync-only$0.65 per contractAdditional fees may apply$0NakedYes10.63%
WebullTrade & Sync$0 per contractOversized and index orders cost extraNot publishedNakedYes8.74%
4 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.

  • TradeStation$0 via QuantWheel · $0 exercise and assignment · naked

    TradeStation opens options accounts for residents of the Northern Mariana Islands. 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.

    Account protectionSIPC ($500,000, incl. $250,000 cash) + Lloyd's excess up to $24.5M per account, $900,000 cash, $200M total.

  • Interactive Brokers$0.65 per contract · $0 exercise and assignment · naked

    Interactive Brokers opens options accounts for residents of the Northern Mariana Islands. It charges $0.65 per contract ($1 minimum; additional fees). 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.

    Account protectionSIPC ($500,000, incl. $250,000 cash) + excess cover up to $30M per account incl. $900,000 cash ($150M aggregate; Lloyd's of London)

  • Schwab$0.65 per contract · $0 exercise and assignment · naked

    Schwab opens options accounts for residents of the Northern Mariana Islands. 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.

    Account protectionSIPC ($500,000, incl. $250,000 cash) + excess cover up to $150M per customer incl. $1.15M cash, $600M total (stated on Schwab's international site)

  • Webull$0 per contract · exercise fee not published · naked

    Webull opens options accounts for residents of the Northern Mariana Islands. It charges $0 per contract (Oversized and index orders cost extra). It does not publish its exercise and assignment fees. 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.

    Account protectionSIPC protection covers $500,000, including $250,000 cash, plus excess coverage that depends on the clearing firm, either Lloyd's with $100M total, $1.9M cash per customer and no per-account securities sublimit, or Apex with $150M total, $37.5M securities and $900,000 cash per customer.

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

Excess SIPC coverage

Interactive Brokers, Schwab, Webull and TradeStation, among the brokers that open accounts for residents of the Northern Mariana Islands.

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.

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The share card of Options brokers in the Northern Mariana Islands with excess SIPC coverage