Explore zero days to expiration
(0DTE) options by volume
(0DTE) options by volume
A Smarter Option
Low costs for trading US options
Advancced order types and 13 options strategies
Free real-time Level 2 options chain and analysis
Available in the cash, margin, TFSA and RRSP accounts
What are options and why invest in them?
An option gives the buyer or holder the right, but not the obligation, to buy or selll an underlying asset or security at a specific price on or before a specific date.
- More flexibilityLeverage options trading flexibility and navigate different market climates.
- Enhance your profit potentialTap into the potential for higher returns, typically less upfront costs.
- Extra income potentialLeverage your stock holdings to potentially generate addtional income.
Offer you low
costs for
trading
US options
Transaction fees (U.S. equity options)
$0.9/contract,min. $1.5/order
Transaction fees (U.S. index options)
$0.9/contract, min. $1.5/order
Excercise/assignment fee
$0
FX fee
0.09% + $2/transaction
Account fee
$0
Wealthsimple
Questrade
TD - Direct Investing
BMO InvestorLine
Assets under $100K:$2.00/contract
$9.95 + $1/contract
Standard: $9.99 + $1.25/contract
$9.95 + $1.25/contract
N/A
N/A
N/A
N/A
Early exercise: $45 Auto-exercise: $20
$24.95
Auto-excercise: $15/trade Directed excercise: $43/trade
N/A
1.50%
1.50%
US Buy at 1.3894 (cash) US Sell at 1.3026 (cash)
Transaction size < $25K: 1.6%
US account clients with assets < $100K: $10/month
$0
Assets < US $15,000: $ 25/quarter
Non-registered accounts with account balance <$15K : CA $25/quarter*
This table is for reference only and shows only the most important fee details. Competitors' rates obtained from their websites as of 6/6/2024. The brokers in the list may have different rates for different balance investors. For the most accurate fee information, please visit the websites of the listed brokers. All fees should be displayed in US dollars, except where indicated with an asterisk (*).
Trade with Precision
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Easily place, and manage complex strategies, and positions to help achieve your investment objectives. We offer 13 types of options, including customizable strategis for added flexibility.
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FAQ
Is option trading good for beginners?
Options trading can be complex and carries inherent risks, so it may not be suitable for all beginners. However, with education, an understanding of options trading, and its risks, beginners can start learning to trade options effectively. It's crucial for novice options traders to begin by understanding basic options concepts, such as options contracts, strategies, and associated risks.
What are the advantages of trading options?
Options trading can offer significant advantages, including the potential for high returns with smaller upfront investment, income generation through various strategies, and portfolio diversification. Options can also be used for risk management and trading different market perspectives. However, it's always important to understand the associated risks, such as the potential for substantial losses and complexity in trading strategies.
What are the risks of trading options?
Options trading presents several disadvantages, primarily due to its complexity, making it less suitable for inexperienced traders who lack significant market insight. The advanced nature of options requires a deep understanding of market dynamics and risk management strategies to avoid impactful losses. Inexperienced investors may be tempted by the potential for quick profits without fully grasping the implications of their trades, leading to substantial losses. Options also carry the risk of becoming worthless, especially if they expire out of the money, potentially resulting in significant financial loss. Certain options trading strategies may expose traders to unlimited losses, emphasizing the need for a thorough understanding of risk-return profiles.