Brokers in
Options brokers in South Africa
3 brokers open options accounts for residents of South Africa. The same facts for each: fees, exercise and assignment, approvals, and whether they work with QuantWheel.
The country you live in decides which brokers accept your application, so this page lists only the ones that open accounts for residents of South Africa. Some also check citizenship or visa status. 3 brokers qualify today, and each row shows the fees and rules of the broker's own company. Before you fund an account, check the account currency and the approval levels the broker gives residents of South Africa.
At a glance: 3 brokers, 1 at $0 per contract, 2 with $0 exercise and assignment, 3 approving naked options, 2 working with QuantWheel; median fee $0.10 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% | |
 eOption | $0.10 + $1.99 per tradeBase fee and other charges apply | $9 | Naked | Not published | 8.20% |
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 South Africa. 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.
Interactive Brokers$0.65 per contract · $0 exercise and assignment · naked
Interactive Brokers opens options accounts for residents of South Africa. 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.
eOption$0.10 + $1.99 per trade · $9 per event · naked
eOption opens options accounts for residents of South Africa. It charges $0.10 + $1.99 per trade (Base fee and other charges apply). Exercise and assignment cost $9 each. It approves up to naked short options. It trades on Web, Mobile. It is not connected to QuantWheel.
Through a local company
These companies open options accounts for residents of South Africa. Each belongs to the group of a broker in this directory and sets its own fees and rules, so check them on its website.
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South Africa