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Brokers with

Options brokers in Portugal with no assignment fee

2 brokers charge nothing on exercise and assignment for residents of Portugal. The same facts for each: fees, approvals, countries.

An exercise and assignment fee is charged when you exercise an option you bought or get assigned on one you sold. A wheel trader meets both often, because an assigned put brings in shares and an assigned call sells them. Check that the broker charges $0 for both, on index options too. 2 brokers charge nothing on exercise and assignment for residents of Portugal.

At a glance: 2 brokers, 1 at $0 per contract, 2 with $0 exercise and assignment, 2 approving naked options, 1 working with QuantWheel; median fee $0.33 per contract, lowest margin rate at $50,000 10.63%.

BrokerQuantWheelExerciseApproval0DTEMarginOffers
SchwabSync-only$0.65 per contractAdditional fees may apply$0NakedYes10.63%
Firstrade$0 per contractRegulatory fees apply$0Naked putsYes11.50%
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.
  • Schwab$0.65 per contract · $0 exercise and assignment · naked

    Schwab charges nothing on exercise and assignment. 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 charges nothing on exercise and assignment. 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

Free exercise and assignment

Schwab and Firstrade. tastytrade and Tradier charge for it, which matters if you run the wheel.

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

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The share card of Options brokers in Portugal with no assignment fee