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Options brokers for non-US residents

11 brokers open accounts for residents outside the United States. The same facts for each: fees, approvals, countries.

These brokers open options accounts for people who live outside the United States. The country you live in sets which brokers accept you, and some brokers also check citizenship or visa status. Check the account currency and whether the broker gives non-US clients the same approval levels. 11 brokers open accounts for residents outside the United States among those serving the United States.

At a glance: 11 brokers, 5 at $0 per contract, 5 with $0 exercise and assignment, 8 approving naked options, 9 working with QuantWheel; median fee $0.10 per contract, lowest margin rate at $50,000 5.05%.

BrokerQuantWheelExerciseApproval0DTEMarginOffers
TradeStationTrade & Sync$0 via QuantWheelIndex options add $0.75 per contract$0NakedYesNegotiable
AlpacaComing$0 per contractPartner, index and professional rates differNot publishedSpreadsYes6.25%
Interactive BrokersSync-only$0.65 per contract$1 minimum; additional fees$0NakedYes5.38%
RobinhoodSync-only$0 per contractIndex contracts and other fees extra$0SpreadsYes5.05%
SchwabSync-only$0.65 per contractAdditional fees may apply$0NakedYes10.63%
tastytradeTrade & Sync$1 open / $0 close$10 opening cap per leg; other fees apply$5NakedYes10.00%
TradeZeroComing$0.42 per contract$20 order cap; index contracts excludedExercise $10 auto / $35 manual, assignment $10 per lineNot publishedNot published9.00%
TradierComing$0.35 per contractPaid plans differ; other fees apply$9NakedYes9.75%
WebullTrade & Sync$0 per contractOversized and index orders cost extraNot publishedNakedYes8.74%
eOption$0.10 + $1.99 per tradeBase fee and other charges apply$9NakedNot published8.20%
Firstrade$0 per contractRegulatory fees apply$0Naked putsYes11.50%
11 of 28 brokersIn the published order

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 accounts for residents outside the United States. 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.

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

    Alpaca opens accounts for residents outside 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.

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

    Interactive Brokers opens accounts for residents outside 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.

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

    Robinhood opens accounts for residents outside 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.

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

    Schwab opens accounts for residents outside 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.

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

    tastytrade opens accounts for residents outside 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.

  • TradeZero$0.42 per contract · $10 per event · not published

    TradeZero opens accounts for residents outside the United States. It charges $0.42 per contract ($20 order cap; index contracts excluded). Exercise and assignment cost $10 each. It does not publish its highest options level. 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.

  • Tradier$0.35 per contract · $9 per event · naked

    Tradier opens accounts for residents outside the United States. 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.

  • Webull$0 per contract · exercise fee not published · naked

    Webull opens accounts for residents outside the United States. 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.

  • eOption$0.10 + $1.99 per trade · $9 per event · naked

    eOption opens accounts for residents outside the United States. It charges $0.10 + $1.99 per trade (Base fee and other charges apply). Exercise and assignment cost $9 each. It approves up to naked short options. It trades on Web, Mobile. It is not connected to QuantWheel.

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

    Firstrade opens accounts for residents outside 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.

Compare two of them

The pair pages among these brokers, with a verdict.

More by what you need

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

Non-US residents

tastytrade, Interactive Brokers, Schwab, Robinhood, Webull, Tradier, TradeZero, TradeStation and 3 more. The country you live in sets which brokers accept you, and some also check citizenship or visa status; pick your country from Brokers in to see who serves it.

tastytrade, Interactive Brokers, Schwab, E*Trade, Webull, Tradier, TradeZero, Moomoo and 4 more. An API lets your own program read the account and send orders to the broker, and the broker executes them. See the full list

Interactive Brokers, Robinhood, Moomoo, Public and Alpaca. The rate matters once assigned shares sit on margin; larger balances pay less at most brokers. See the full list

Brokers that work with QuantWheel sort first and carry the mark, because that is a fact about them, not a score. Sorting a column overrides this.

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The share card of Options brokers for non-US residents