Brokers for
Options brokers in Slovakia for the wheel strategy
2 brokers allow the wheel without a margin account for residents of Slovakia. The same facts for each: fees, approvals, countries.
The wheel means you sell cash-secured puts until you are assigned shares, then sell covered calls on them until the shares are called away. Each turn can end in an assignment, and if the price falls you hold shares worth less than you paid. The brokers here allow both steps without a margin account, so check the assignment fee, the fee per contract and the interest on your cash. 2 brokers allow the wheel without a margin account for residents of Slovakia.
At a glance: 2 brokers, 0 at $0 per contract, 0 with $0 exercise and assignment, 2 approving naked options, 2 working with QuantWheel; median fee $0.68 per contract, lowest margin rate at $50,000 9.75%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 tastytrade | Trade & Sync | $1 open / $0 close$10 opening cap per leg; other fees apply | $5 | Naked | Yes | 10.00% | |
 Tradier | Coming | $0.35 per contractPaid plans differ; other fees apply | $9 | Naked | Yes | 9.75% |
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.tastytrade$1 open / $0 close · $5 per event · naked
tastytrade opens options accounts for residents of Slovakia. It charges $1 open / $0 close ($10 opening cap per leg; other fees apply). Exercise and assignment cost $5 each. 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.
Level for covered calls and cash-secured putsCovered calls at every level; cash-secured puts at Limited (the cash account level) and all IRA levels; allowed in cash accounts
Tradier$0.35 per contract · $9 per event · naked
Tradier opens options accounts for residents of Slovakia. It charges $0.35 per contract (Paid plans differ; other fees apply). Exercise and assignment cost $9 each. It approves up to naked short options. 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.
Level for covered calls and cash-secured putsCovered calls Level 1, cash-secured puts Level 1 (cash accounts only); allowed in cash accounts
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
Wheel strategy