Brokers with
Options brokers in Puerto Rico with instant deposits
3 brokers offer instant deposits for residents of Puerto Rico. The same facts for each: fees, approvals, countries.
An instant deposit gives you buying power before your bank transfer arrives, up to a limit the broker sets. Check the limit, whether you can trade options with the money, and how long the transfer takes to settle. 3 brokers offer instant deposits for residents of Puerto Rico.
At a glance: 3 brokers, 1 at $0 per contract, 3 with $0 exercise and assignment, 2 approving naked options, 3 working with QuantWheel; median fee $0.65 per contract, lowest margin rate at $50,000 5.05%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 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% |
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.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.
Instant depositThe first ACH deposit is tradable 4 business days after it is started, and later ACH deposits may be available immediately depending on tenure, deposit history and account balance (no amount published), with no paid plan.
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.
Instant depositInstant Deposit gives up to $1,000 or 2 times portfolio value, whichever is greater, without Gold, up to $5,000 or 3 times portfolio value with Gold ($5 a month), and up to $1,000 for IRAs. Options trading with Instant Deposit buying power may be limited until the deposit is available (up to 5 business days).
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.
Instant depositElectronic deposits and incoming wires to a Schwab brokerage account are generally available for same-day trading, but some securities may need cleared funds (hold of up to five business days). No limit or paid plan is published.
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Instant deposits