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TD Direct Investing review

Founded 1984 (as TD Green Line)HQ Toronto, Ontario, CanadaPlatforms Web, Desktop, Mobile

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No integration. QuantWheel cannot read accounts at TD Direct Investing, so you cannot use it with QuantWheel.

Fee per contract
$1.25 + $9.99 per trade
to open a contract
Exercise and assignment
Exercise $15 auto / $43 manual, assignment $15
per event
Approval
Naked
up to naked short options
Margin rate
6.50%
on a $50,000 balance
Countries
Not published

What you can trade

From the options agreement

  • 0DTE (Not published)
  • Index options (SPX) (Not published)
  • Options on futures (Not published)
  • Spreads in an IRA, not offered
  • Portfolio margin (Not published)
  • Paper trading
  • 24/7 support (Not published)

PlatformsWeb, Desktop, Mobile

Cost to open

Per-contract fee only

One cash-secured put1 contract
$1.25
Ten-lot iron condor40 contracts
$50
Twenty covered calls20 contracts
$25
One turn of the wheelput assigned, call exercised, 2 contracts
$32.50

Exchange fees and per-order minimums are extra where the fee schedule has them. The wheel row adds the two $15 events.

What TD Direct Investing costs for the way you trade

A year of fees from TD Direct Investing's published prices, checked 7 and 8 October 2026.

How you trade
8
1
$1.20
TD Direct Investing standard price$18 a trade, 15% of your premium
$1,727 a year
Among 5 brokers open to residents of CanadaLowest is Wealthsimple at $0.00 a year, plus small regulatory fees it does not publish
5th

Not counted because TD Direct Investing does not publish them: clearing fee, options regulatory fee, SEC fee, FINRA trading activity fee, platform fee.

Compare every broker for this pattern

QuantWheel

Not connected

No integration. QuantWheel cannot read accounts at TD Direct Investing, so you cannot use it with QuantWheel.

Connect TD Direct Investing

Fees explained

What each line of the fee schedule means for an options order

TD Direct Investing

$1.25 + $9.99 per trade, charged on each leg. A ten-lot iron condor is 40 contracts, so $50 to open, and the same again if you close it before expiry. Exchange fees and per-order minimums are extra where the fee schedule has them.

$15 per event, on top of the per-contract fee. A cash-secured put that is assigned costs $15, and the covered call that is later exercised costs $15 again. Closing the option before expiry avoids both. Cost to open

The options agreement approves up to naked short options in a margin account. Spreads are not allowed in an IRA. It does not publish whether portfolio margin is offered.

Not published.

What changed at TD Direct Investing

Every fee, term and policy we track, with the day it moved

No change recorded since the last check. A change to a fee or a rule appears here on the day we record it.

Questions people ask

Answered from the documents above

TD Direct Investing

No; QuantWheel cannot read accounts at TD Direct Investing. Connect TD Direct Investing

$1.25 + $9.99 per trade, and Exercise $15 auto / $43 manual, assignment $15 per exercise or assignment, from the fee schedule checked 8 October 2026. Exchange fees are extra. Compare fees across brokers

It does not publish whether 0DTE trading is allowed. It does not publish whether index options such as SPX are offered. The options agreement approves up to naked short options in a margin account. Brokers for 0DTE

TD Direct Investing does not publish which countries it accepts. Ask TD Direct Investing before you open an account. Brokers by country

Facts from TD Direct Investing's own fee schedule and options agreement, checked 8 October 2026.