Brokers for
Options brokers in Puerto Rico for LEAPS
3 brokers state that customers can trade LEAPS for residents of Puerto Rico. The same facts for each: fees, approvals, countries.
LEAPS are long-dated options, with expirations a year or more away. Like any option you buy, a LEAPS contract can expire worthless. Check how far out the broker lists expirations on the stocks you trade, and the approval level it asks for to buy options. 3 brokers state that customers can trade LEAPS for residents of Puerto Rico.
At a glance: 3 brokers, 1 at $0 per contract, 2 with $0 exercise and assignment, 2 approving naked options, 3 working with QuantWheel; median fee $0.42 per contract, lowest margin rate at $50,000 5.38%.
| 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% | |
 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% |
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.
LEAPSLEAPS (expirations a year or more away) can be found in Symbol Lookup and added to a window. No LEAPS-specific level or restriction is published; long calls and puts are Level 2.
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.
LEAPSIBKR offers long-term options (LEAPS) for trading, long calls and puts need Level 2, and no LEAPS-specific restriction is published.
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.
LEAPSThe ZeroPro options montage lists all strikes and expirations up to LEAPS. The approval level needed is not published, and buying options is Level 2.
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
LEAPS