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Options brokers in Saudi Arabia with multi-currency accounts

2 brokers offer accounts in more than one currency for residents of Saudi Arabia. The same facts for each: fees, approvals, countries.

A multi-currency account holds cash in more than one currency, for example US dollars next to your home currency. US options are paid in US dollars, so you can convert when you choose and keep dollars between trades. Check the conversion fee and whether the broker converts by itself when you trade. 2 brokers offer accounts in more than one currency for residents of Saudi Arabia.

At a glance: 2 brokers, 0 at $0 per contract, 1 with $0 exercise and assignment, 2 approving naked options, 1 working with QuantWheel; median fee $1.32 per contract, lowest margin rate at $50,000 5.38%.

BrokerQuantWheelExerciseApproval0DTEMarginOffers
Interactive BrokersSync-only$0.65 per contract$1 minimum; additional fees$0NakedYes5.38%
SaxoIndicative US$2 per contractRates depend on residence and account tierNot publishedNakedYesNot published
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.

  • Interactive Brokers$0.65 per contract · $0 exercise and assignment · naked

    Interactive Brokers opens options accounts for residents of Saudi Arabia. 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 currencyMulti-currency (client-chosen base); US options charged in US$

  • SaxoIndicative US$2 per contract · exercise fee not published · naked

    Saxo opens options accounts for residents of Saudi Arabia. It charges Indicative US$2 per contract (Rates depend on residence and account tier). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. It is not connected to QuantWheel.

    Account currencyMulti-currency (23 listed); US options in US$

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

Multi-currency accounts

Interactive Brokers and Saxo, among the brokers that open accounts for residents of Saudi Arabia.

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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