Brokers for
Options brokers in South Africa for index options
3 brokers offer index options such as SPX and NDX for residents of South Africa. The same facts for each: fees, approvals, countries.
Index options such as SPX settle in cash, and SPX options can only be exercised at expiration, so no shares change hands and there is no early assignment. XSP is one tenth the size of SPX, for a smaller position. Many brokers add a separate fee per contract on index options, so check it next to the regular option fee. 3 brokers list index options for 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 lists index options such as SPX. 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 lists index options such as SPX. 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 lists index options such as SPX. 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.
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The pair pages among these brokers, with a verdict.More by what you trade
Every page in this folder lists the brokers that qualify, with the same facts.Related pages
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Index options (SPX)