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Options

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Current promotions

Exciting incentives to upgrade your account.

Get one month of FREE options trading

Free contracts, no commissions. Plus, get 30 days of real-time streaming options data with a free trial of Questrade Plus.

Use code: FREEOPTIONS

See terms 

Transfer your accounts for free

When you move your existing accounts to Questrade, we'll rebate the transfer fees you're charged for the switch. Any balance, from any eligible account—we've got you covered.

See terms

What are options?

Benefits of options

Higher impact trading

Options contracts represent 100 shares of an asset, so any change in that asset’s value is magnified compared to owning a single share

Mitigate your risks

If the value of your shares drop, put options let you sell your shares at a set price before the option’s expiry date

Expand your strategies

Take advantage of more than just price changes. The passage of time and movements in volatility can also affect an option’s value

How to start trading options

Just open an account, then take advantage of our built-in research tools and place an order. Make sure you understand how options work and their potential risks before trading.

get started

Trade options with no hidden fees.

Buy and sell options for as low as

$0  / contract 2

 

Trade more, pay less


Get all the advanced options features you need to trade at a price that drops as your volume grows.

MonthlyUS contract range 2 MonthlyUS contract range 2

Benefits 3

250 or less
contracts / month
$ 0.99 per US contract
251 - 500
contracts / month
$ 0.75 per US contract
501 - 1,000
contracts / month
$ 0.50 per US contract
1,001 - 2,500
contracts / month
$ 0.40 per US contract
Prime -2.5% USD margin rates
2,501 - 5,000
contracts / month
$ 0.30 per US contract
Prime -2.5% USD margin rates
5,001 - 10,000
contracts / month
$ 0.20 per US contract
Prime -2.5% USD margin rates
Signature Trade Desk
10,001 - 50,000
contracts / month
$ 0.15 per US contract
Prime -2.5% USD margin rates
Signature Trade Desk
More than 50,000
contracts / month
$ 0.0 per US contract

Prime -2.5% USD margin rates

Signature Trade Desk

 

How it works

Options contract fees are calculated based on how many US options trades you do each month across all your Questrade accounts. As you reach bigger trading milestones, your contract cost goes down. For example, here is the breakdown if you executed 800 contracts this month:

  • First 250 contracts: $ 0.99 USD
  • Next 250 contracts: $ 0.75 USD
  • Final 300 contracts: $ 0.50 USD

Trade options with confidence

With a self-directed Questrade account, you have access to the tools, resources and support you need to make stock trades confidently.

Self-directed investing

I want to invest by myself

  • Trade stocks and ETFs commission-free 1. And options for 99¢/contract 2.

  • Find fresh new trading ideas with easy-to-use research tools

  • Mobile, web or desktop—trade your way on powerful platforms

We’re here to help you get started

Our account specialists are available to assist with any account-related questions you may have, and to help you get set up.

Start chat

Reach us by phone

Toll-free Within Canada

1.888.298.4515

From the U.S.

1.416.227.6615

International

(001) 416.227.6615

Phone hours

Monday-Friday, 8:30 AM to 8 PM EST

Get answers to frequently asked questions

In options trading, you are purchasing a contract that represents shares of an underlying asset (like a stock) that gives you the right to buy or sell that asset at a set time for a set price.

When you buy a stock, you get a small piece of ownership in a company. Options, on the other hand, are contracts that give you the right to buy or sell an asset at a set price by a set date.

Questrade separates options into four different levels depending on their risk. Level 1 and 2, the least risky, have no minimum equity requirements. You can learn more about options levels here.
You can buy and hold Level 1 and 2 options in a registered account. Due to industry regulations, you’ll need a margin account to hold Level 3 or 4 options. Learn more about the options levels here.
Puts and calls are the two types of option contracts. They give you the right to buy (Calls) or sell (Puts) an asset at a set price, by a set date, no matter how its value has changed.

1 'Zero commission trades', '$0 commissions', '$0 trading', 'trade commission-free' and similar messages, refer to commission-free trading for trades placed online through Questrade, Inc.'s website or mobile apps for stocks and ETFs that are listed on a stock exchange in the United States or Canada. Other fees may still apply.

2 As low as $0/contract pricing applies to US Options only.

Questrade, Inc. will provide a refund on your 99¢ USD options contract fees, charged in United States Dollars (“USD”), based on the progressive options pricing tiers you get to during the calendar month of trading. The refund for each tier applies only to contracts executed within that tier. For example, fees for contracts that fall into tier 2 are refunded based on the tier 2 rate, and fees for subsequent contracts that fall into tier 3 are refunded based on the tier 3 rate, and so on. Please see our options pricing for details on each tier.

Contract fee refunds will be paid out on the first business day of the month following the month in which the trades occurred. Refunds will be credited to the account(s) in which the eligible trades were executed. Other fees may still apply and are not covered by the refund. If a refund is paid into an individual RESP or Family RESP account, it will be credited in CAD equivalent of USD, as USD deposits are not available for RESP accounts.

Orders placed outside of standard market hours are processed immediately upon market opening. Excludes market closures and unforeseen events.

Questrade may close or modify fractional share positions in stocks or ETFs no longer eligible for fractional trading at any given time. Questrade Fractional Shares Disclosure Statement

3 The USD margin rate discount and Signature Trade Desk benefits will be available in December