Brokers for
Options brokers in the US Virgin Islands for cash-secured puts
5 brokers allow cash-secured puts in a cash account for residents of the US Virgin Islands. 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 the US Virgin Islands.
At a glance: 5 brokers, 3 at $0 per contract, 3 with $0 exercise and assignment, 4 approving naked options, 5 working with QuantWheel; median fee $0.00 per contract, lowest margin rate at $50,000 5.05%.
| 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% | |
 Robinhood | Sync-only | $0 per contractIndex contracts and other fees extra | $0 | Spreads | Yes | 5.05% | |
 Tradier | Coming | $0.35 per contractPaid plans differ; other fees apply | $9 | Naked | Yes | 9.75% | |
 Webull | Trade & Sync | $0 per contractOversized and index orders cost extra | Not published | Naked | Yes | 8.74% |
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 the US Virgin Islands. 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 the US Virgin Islands. 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
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 for covered calls and cash-secured putsCovered calls and cash-secured puts Level 2 (the lowest level); allowed in cash accounts
Tradier$0.35 per contract · $9 per event · naked
Tradier opens options accounts for residents of the US Virgin Islands. 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
Webull$0 per contract · exercise fee not published · naked
Webull opens options accounts for residents of the US Virgin Islands. It charges $0 per contract (Oversized and index orders cost extra). It does not publish its exercise and assignment fees. 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 and cash-secured puts Level 1; allowed in cash accounts (up to Level 2)
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