Option Trading- Canadian Discount Brokerage

[Matson125]

Hello All,

 

To all the Canadians on the board, I was looking for the cheapest way to sell puts with a discount brokerage.  I am currently with Scotia Itrade (formerly Etrade Canada) and I pay 9.99 + 1.25 per contract.  Does anyone on the board use a brokerage that can beat that?

 

Cheers

 

Michael

[RichardGibbons]

Try Interactive Brothers -- they're $0.70 US or $1.50 Canadian per contract.  However, there's a fixed monthly cost for quotes if you don't exceed a certain minimum commission level each month.

[bargainman]

You can opt out of their quotes charge (at least you can in the US).  In that case they have a $10/ month minimum in general.  That said their commissions are so cheap that it usually doesn't matter.  If you want free quotes and are a less frequent trader you can also try thinkorswim.ca, although it looks like their commissions are higher in Canada than the US.

 

$1.50 per contract with $7.50 minimum per trade (spreads - each leg represents a trade).

 

IB also has free, yes free, assignment and exercise which rocks.

[arbitragr]

I like optionsxpress.

they specialize in options.

not sure if it's cheaper. but they have lots of analytical tools and choices for options traders.