Options brokers with instant deposits

Alpaca$0 per contract · exercise fee not published · spreads

Alpaca opens options accounts for residents of the United States. It charges $0 per contract (Partner, index and professional rates differ). It does not publish its exercise and assignment fees. It approves up to defined-risk spreads. It trades on Web, 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.

Instant depositInstant ACH puts US deposits under US$1,000 in buying power at once when the bank account matches Alpaca's records, with one instant ACH at a time until it clears. Instant funds cannot be withdrawn until they clear, and no fee or paid plan is mentioned.

E*Trade$0.65 per contract · $0 exercise and assignment · naked

E*Trade opens options accounts for residents of the United States. It charges $0.65 per contract ($0.50 at 30+ trades per quarter). 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.

Instant depositFor transfers from an external bank, some or all funds may be available to invest immediately based on cleared equity in the account, and transfers between E*TRADE and Morgan Stanley Private Bank accounts are immediate. No limit or paid plan is published.

Fidelity$0.65 per contract · $0 exercise and assignment · naked

Fidelity opens options accounts for residents of the United States. It charges $0.65 per contract (Buy to close at $0.65 or less costs $0). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.

Instant depositEFT deposits may be available for trading immediately while the money takes 1 to 3 business days to arrive, with no paid plan and an EFT deposit cap of $250,000 (USD) a day. A separate instant buying power limit is not published.

Interactive Brokers$0.65 per contract · $0 exercise and assignment · naked

Interactive Brokers opens options accounts for residents of the United States. 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.

Instant depositThe first ACH deposit is tradable 4 business days after it is started, and later ACH deposits may be available immediately depending on tenure, deposit history and account balance (no amount published), with no paid plan.

Public$0 per contract · exercise fee not published · naked

Public opens options accounts for residents of the United States. It charges $0 per contract (Index options $0.35 plus exchange fees). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, 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.

Instant depositPublic often gives instant buying power on bank deposits, up to $250,000 (varies by account), granted instantly or within 3 business days, with no paid plan named. Bank deposits settle in 3 business days, and amounts above $55,000 within six business days take 6 business days.

Robinhood$0 per contract · $0 exercise and assignment · spreads

Robinhood opens options accounts for residents of the United States. 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.

Instant depositInstant Deposit gives up to $1,000 or 2 times portfolio value, whichever is greater, without Gold, up to $5,000 or 3 times portfolio value with Gold ($5 a month), and up to $1,000 for IRAs. Options trading with Instant Deposit buying power may be limited until the deposit is available (up to 5 business days).

Schwab$0.65 per contract · $0 exercise and assignment · naked

Schwab opens options accounts for residents of the United States. It charges $0.65 per contract (Additional fees may apply). 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.

Instant depositElectronic deposits and incoming wires to a Schwab brokerage account are generally available for same-day trading, but some securities may need cleared funds (hold of up to five business days). No limit or paid plan is published.

tastytrade$1 open / $0 close · $5 per event · naked

tastytrade opens options accounts for residents of the United States. 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.

Instant depositUp to $10,000 of an ACH deposit counts toward buying power immediately when the bank is linked through Plaid, with one instant deposit per day and no paid plan needed.

Firstrade$0 per contract · $0 exercise and assignment · naked puts

Firstrade opens options accounts for residents of the United States. 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.

Instant depositThe first ACH deposit gives up to $1,000 of buying power while it clears, free, and later ACH deposits give instant buying power up to the current account equity, with the rest after 4 business days. No paid plan is needed.

SoFi Invest$0 per contract · $0 exercise and assignment · covered

SoFi Invest opens options accounts for residents of the United States. It charges $0 per contract (Regulatory and clearing fees apply). Exercise and assignment cost $0. It approves up to covered calls and cash-secured puts. It trades on Web, Mobile. It is not connected to QuantWheel.

Instant depositDeposits from SoFi Checking or Savings are available instantly and free, up to $250,000 a day and $1,000,000 a month. External bank deposits are tradable instantly up to an account-specific Instant Funding Limit (based on account age, balance and any ACH returns), the rest after 3 business days, with no paid plan needed.