Option margin requirements
Questrade has four approval levels for option trading that require different minimum balances in your account before placing your trade:
|1 ||No minimum |
|2 ||No minimum |
|3 ||$5,000 CAD |
|4 ||$25,000 CAD |
To change your option level, log into myQuestrade, select My accounts then Account management. Choose the account number and use the Option level drop-down menu to select a new level.
To place a Canadian multi-leg option order that includes a stock leg, or more than two option legs, please contact the trade desk at 1.866.980.9590. The trade desk is available Monday to Friday, 8:30 a.m. to 4:30 p.m. ET.