Brokers with
Options brokers in Puerto Rico with no account fees
2 brokers charge no platform or inactivity fee for residents of Puerto Rico. The same facts for each: fees, approvals, countries.
Account fees are what a broker charges to keep your account open, apart from trading. The two to watch are a monthly platform fee and an inactivity fee when you trade little or keep a small balance. The brokers here charge neither, so check the transfer-out fee, which they can still charge when you move the account. 2 brokers charge no platform or inactivity fee for residents of Puerto Rico.
At a glance: 2 brokers, 0 at $0 per contract, 2 with $0 exercise and assignment, 2 approving naked options, 2 working with QuantWheel; median fee $0.65 per contract, lowest margin rate at $50,000 5.38%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 Interactive Brokers | Sync-only | $0.65 per contract$1 minimum; additional fees | $0 | Naked | Yes | 5.38% | |
 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.
Account fees (platform, inactivity, transfer out)No platform or inactivity fee; no IBKR fee to transfer out
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 fees (platform, inactivity, transfer out)No platform, maintenance or inactivity fee; full transfer out $50 (partial $0)
Compare two of them
The pair pages among these brokers, with a verdict.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
No account fees