Brokers for
Options brokers in South Korea for cash-secured puts
5 brokers allow cash-secured puts in a cash account for residents of South Korea. The same facts for each: fees, approvals, countries.
A cash-secured put means you sell a put and keep enough cash to buy the shares if you are assigned. You collect the premium, and if the price falls below the strike you still buy the shares at the strike. Check the approval level the broker asks for, whether the cash earns interest while it waits, and the assignment fee. 5 brokers allow cash-secured puts in a cash account for residents of South Korea.
At a glance: 5 brokers, 2 at $0 per contract, 3 with $0 exercise and assignment, 5 approving naked options, 4 working with QuantWheel; median fee $0.35 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% | |
 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% | |
 Firstrade | $0 per contractRegulatory fees apply | $0 | Naked puts | Yes | 11.50% |
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 Korea. 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.
Level for covered calls and cash-secured putsCovered calls Level 1; cash-secured puts allowed in cash accounts, level not published.
Interactive Brokers$0.65 per contract · $0 exercise and assignment · naked
Interactive Brokers opens options accounts for residents of South Korea. 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.
Level for covered calls and cash-secured putsCovered calls Level 1, cash-secured puts Level 3 (short put); allowed in cash accounts
tastytrade$1 open / $0 close · $5 per event · naked
tastytrade opens options accounts for residents of South Korea. 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 South Korea. 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
Firstrade$0 per contract · $0 exercise and assignment · naked puts
Firstrade opens options accounts for residents of South Korea. It charges $0 per contract (Regulatory fees apply). Exercise and assignment cost $0. It approves up to naked short puts, not naked calls. It trades on Web, Mobile. It is not connected to QuantWheel.
Level for covered calls and cash-secured putsCovered calls and cash-secured puts Level 1, no minimum equity; allowed in cash accounts
Compare two of them
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
The same page for other countries, then the facets traders pair with this one.Questions people ask
Cash-secured puts in a cash account