Brokers for
Options brokers in Puerto Rico for joint accounts
6 brokers open joint accounts for residents of Puerto Rico. The same facts for each: fees, approvals, countries.
A joint account is one brokerage account owned by two or more people, often a couple. Check which approval levels the broker allows in a joint account and whether it offers a joint margin account. 6 brokers open joint accounts for residents of Puerto Rico.
At a glance: 6 brokers, 3 at $0 per contract, 4 with $0 exercise and assignment, 4 approving naked options, 6 working with QuantWheel; median fee $0.21 per contract, lowest margin rate at $50,000 5.05%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 TradeStation | Trade & Sync | $0 via QuantWheelIndex options add $0.75 per contract | $0 | Naked | Yes | Negotiable | |
 Interactive Brokers | Sync-only | $0.65 per contract$1 minimum; additional fees | $0 | Naked | Yes | 5.38% | |
 Robinhood | Sync-only | $0 per contractIndex contracts and other fees extra | $0 | Spreads | Yes | 5.05% | |
 Schwab | Sync-only | $0.65 per contractAdditional fees may apply | $0 | Naked | Yes | 10.63% | |
 TradeZero | Coming | $0.42 per contract$20 order cap; index contracts excluded | Exercise $10 auto / $35 manual, assignment $10 per line | Not published | Not published | 9.00% | |
 Webull | Trade & Sync | $0 per contractOversized and index orders cost extra | Not published | Naked | Yes | 8.74% |
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 Puerto Rico. 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 typesIndividual, Joint, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Rollover IRA, Beneficiary IRA, Trust, Business.
Interactive Brokers$0.65 per contract · $0 exercise and assignment · naked
Interactive Brokers opens options accounts for residents of Puerto Rico. 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 typesIndividual, Joint, Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Rollover and Inherited IRA, Custodial (cash only), Trust, Business
Robinhood$0 per contract · $0 exercise and assignment · spreads
Robinhood opens options accounts for residents of Puerto Rico. It charges $0 per contract (Index contracts and other fees extra). Exercise and assignment cost $0. It approves up to defined-risk spreads. It trades on Web, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Account typesIndividual, Joint, Traditional IRA, Roth IRA, Custodial, Trust (revocable)
Schwab$0.65 per contract · $0 exercise and assignment · naked
Schwab opens options accounts for residents of Puerto Rico. 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 typesIndividual, Joint, Traditional IRA, Roth IRA, SEP-IRA, SIMPLE IRA, other IRAs, Individual 401(k), Custodial, Trust, Estate, Organization
TradeZero$0.42 per contract · $10 per event · not published
TradeZero opens options accounts for residents of Puerto Rico. It charges $0.42 per contract ($20 order cap; index contracts excluded). Exercise and assignment cost $10 each. It does not publish its highest options level. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; placing orders from QuantWheel is coming soon, so today you place them at the broker.
Account typesIndividual, Joint, Business (LLC, corporation, partnership; $30,000 minimum, professional); IRA, trust and custodial not listed
Webull$0 per contract · exercise fee not published · naked
Webull opens options accounts for residents of Puerto Rico. 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 typesIndividual, Joint, Traditional IRA, Roth IRA, Rollover IRA, Custodial, Business; also futures, managed and crypto accounts
Compare two of them
The pair pages among these brokers, with a verdict.More by what you trade
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
Joint accounts