0 commission trading plus options in Canada

Discussion in 'Options' started by wxytrader, Sep 17, 2023.

  1. Trade station: Not available in Canada
    Robinhood: Not available in Canada
    CMC: margin trading but no options
    AVA trade: only forex as far as I can tell
    Wealth simple: $2 per contract with less than 100k, then $.75 per contract.

    I can find 0 commission trading in Canada, but none that allow options trading.
     
    Last edited: Sep 17, 2023
  2. destriero

    destriero

    Questrade or IBKR are your only choices for options.
     
    jys78 and wxytrader like this.
  3. deaddog

    deaddog

    For stocks National bank is zero commission.
    I don't know about options.
    Not sure about IB.

    Edit: Options are 1.25 per contract
     
    wxytrader likes this.
  4. ok already have an account because was considering futures briefly. I'll check it out again.

    Ok it looks like .15 to .65 for options. Not bad. Really not a fan of the platform but will give it another try.
     
    Last edited: Sep 17, 2023
  5. OMG I can't use it.
     
  6. deaddog

    deaddog

    Why??
     
  7. destriero

    destriero

    IBKR =death, but cheaper than questrade.
     
  8. Overnight

    Overnight

    Lol, wouldn't it be better to pay more for not death?
     

  9. Have you ever traded on it?
     
    Last edited: Sep 17, 2023
  10. ETJ

    ETJ

    Canada does allow payment for flow and options are expensive from a fee standpoint

    "
    Why is payment for order flow banned in Canada?


    As the Guidelines to MAS Notice SFA 04-N16 on Execution of Customers' Orders details, “PFOF introduces conflicts of interests and is likely to cause harm to customers as the CMS Broker may be incentivized to pursue commission or other form of payment from another broker or counterparty in return for routing customers' ...Feb 22, 2023"
     
    #10     Sep 17, 2023
    destriero likes this.