Brokers with
Options brokers in Norway with published approval rules
2 brokers publish the requirements of each options level for residents of Norway. The same facts for each: fees, approvals, countries.
Options approval levels decide which strategies you can trade, from covered calls at the first level to naked options at the top. Each broker numbers its levels its own way, so level 3 means spreads at one broker and naked options at another. The brokers here publish what each level asks for, such as experience, income and net worth, so you can see which level fits you before you apply. 2 brokers publish the requirements of each options level for residents of Norway.
At a glance: 2 brokers, 1 at $0 per contract, 1 with $0 exercise and assignment, 2 approving naked options, 0 working with QuantWheel; median fee $1.00 per contract, lowest margin rate at $50,000 11.50%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 Firstrade | $0 per contractRegulatory fees apply | $0 | Naked puts | Yes | 11.50% | ||
 Saxo | Indicative US$2 per contractRates depend on residence and account tier | Not published | Naked | Yes | Not published |
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.Firstrade$0 per contract · $0 exercise and assignment · naked puts
Firstrade opens options accounts for residents of Norway. 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.
Options approval rulesA paper or online Options Application is reviewed manually by a manager and a registered options principal (not automatic), asking employment, investment objective, time horizon, risk tolerance and investment experience (none to 5+ years) and confirming income and net worth, and Levels 2 to 4 require the Speculation objective. Level 1 covers covered calls and cash-secured equity puts (no minimum), Level 2 adds buying calls and puts (no minimum), Level 3 covers spreads, straddles, butterflies and condors with margin plus $2,000 minimum equity, and Level 4 covers uncovered puts with margin plus $10,000 minimum equity.
SaxoIndicative US$2 per contract · exercise fee not published · naked
Saxo opens options accounts for residents of Norway. It charges Indicative US$2 per contract (Rates depend on residence and account tier). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. It is not connected to QuantWheel.
Options approval rulesThere are two profiles, Basic (default) to buy listed options and Advanced to buy and write, which needs a minimum account value of USD 5,000 (or equivalent) and a written risk acknowledgement, requested in the platform. Options are complex products, so the appropriateness test must be passed first, short contract options (futures and index options) are for individually assessed clients only, options on underlyings rated 6 can only be sold as covered calls, and no income or net worth thresholds are published.
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
Published approval rules