Brokers for
Options brokers in the US Virgin Islands for buying options
One broker allows buying calls and puts at the first level for residents of the US Virgin Islands. The same facts for each: fees, approvals, countries.
Buying an option means you pay a premium for the right to buy shares with a call, or sell them with a put, at the strike price. The most you can lose is that premium plus fees, and the option can expire worthless. Check the approval level for buying calls and puts and whether it works in a cash account. One broker allows buying calls and puts at the first level for residents of the US Virgin Islands.
At a glance: 1 broker, 1 at $0 per contract, 1 with $0 exercise and assignment, 0 approving naked options, 1 working with QuantWheel; median fee $0.00 per contract, lowest margin rate at $50,000 5.05%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 Robinhood | Sync-only | $0 per contractIndex contracts and other fees extra | $0 | Spreads | Yes | 5.05% |
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.Robinhood$0 per contract · $0 exercise and assignment · spreads
Robinhood opens options accounts for residents of the US Virgin Islands. It charges $0 per contract (Index contracts and other fees extra). Exercise and assignment cost $0. It approves up to defined-risk spreads. It trades on Web, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Level to buy calls and putsLevel 2, the lowest level Robinhood grants, covers buying calls and puts, and long options are allowed in cash accounts (only Level 3 is excluded from 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
Buying calls and puts