Brokers with
Options brokers with portfolio margin
6 brokers offer portfolio margin for residents of the United States. The same facts for each: fees, approvals, countries.
Portfolio margin sets your margin from the risk of the whole account, using the possible gains and losses of each position across a range of price moves. It is an alternative to standard strategy-based margin, so a hedge in the same account can lower the margin you need. Brokers set a minimum balance and often ask for a high approval level, so check both and how the broker handles a margin call. 6 brokers offer portfolio margin for residents of the United States.
At a glance: 6 brokers, 0 at $0 per contract, 4 with $0 exercise and assignment, 5 approving naked options, 4 working with QuantWheel; median fee $0.65 per contract, lowest margin rate at $50,000 5.38%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 E*Trade | Trade & Sync | $0.65 per contract$0.50 at 30+ trades per quarter | $0 | Naked | Yes | 11.70% | |
 Interactive Brokers | Sync-only | $0.65 per contract$1 minimum; additional fees | $0 | Naked | Yes | 5.38% | |
 Schwab | Sync-only | $0.65 per contractAdditional fees may apply | $0 | Naked | Yes | 10.63% | |
 tastytrade | Trade & Sync | $1 open / $0 close$10 opening cap per leg; other fees apply | $5 | Naked | Yes | 10.00% | |
 Lightspeed | $0.50 per contractWeb and mobile orders have a $1 minimum; other fees apply | $15 | Naked | Not published | 10.00% | ||
 Zacks Trade | $1 first / $0.75 additionalU.S. options, USD | $0 | Not published | Not published | 8.83% |
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.E*Trade$0.65 per contract · $0 exercise and assignment · naked
E*Trade offers portfolio margin. 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.
Interactive Brokers$0.65 per contract · $0 exercise and assignment · naked
Interactive Brokers offers portfolio margin. 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.
Schwab$0.65 per contract · $0 exercise and assignment · naked
Schwab offers portfolio margin. 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 offers portfolio margin. 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.
Lightspeed$0.50 per contract · $15 per event · naked
Lightspeed offers portfolio margin. It charges $0.50 per contract (Web and mobile orders have a $1 minimum; other fees apply). Exercise and assignment cost $15 each. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. It is not connected to QuantWheel.
Zacks Trade$1 first / $0.75 additional · $0 exercise and assignment · not published
Zacks Trade offers portfolio margin. It charges $1 first / $0.75 additional (U.S. options, USD). Exercise and assignment cost $0. It does not publish its highest options level. It trades on Web, Desktop, 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
Portfolio margin