Options Trading, Now to the Next Level
From beginners to advanced traders, access 14 options strategies with enhanced precision and flexibility. Trade smarter at every level with Webull Canada.
Open Account
Extensive Features, From Strategy to Precision
Discover
Find new opportunities with our Options Screener, Seller Centre, and curated Top Options Lists.
Analyze
Explore tools like Probability Analysis, Options Calculator, and Volatility Analysis to understand your trades better.
Build
Easily build multi-leg strategies from the Options Chain and visualize them with Profit/Loss Diagrams.
Execute
Place trades quickly with TurboTrader. One-tap presets let you buy, sell, close, or reverse positions in seconds.
Manage & Refine
Fine-tune your option positions for greater flexibility and precision with advanced abilities to leg-in, leg-out, early-exercise, or choose not to auto-exercise.
Maximize Strategies, Minimize Costs
Webull Canada offers options trading at just $0.99 per contract — giving traders greater flexibility to express their market views.
Transaction fees (USD)
Webull
Questrade
RBC Direct Investing
TD Direct Investing
Qtrade Direct Investing
Contract fees (US equity)
$0.99/contract
$0.99/Contract
Less than 150 trades/quarter: $9.95 + $1.25 per contract
Standard: $9.99 + $1.25 per contract
Standard: $8.75 + $0.75 per contract
Contract fees (US index)
$0.99/contract
N/A
N/A
N/A
N/A
Exercise/Assignment fees
$1 per line item
Exercise: $24.95 Assignment: $0
Principal value of $2,000 or less: $43 Others: $35 + $1.75 per contract
Automatic: $15 Directed: $43
Exercises: $45 minimum Assignment: $30
Promotional rates may apply to competitors’ pricing. Obtained from competitors’ websites as of September 2025. Regulatory, exchange, and other fees apply.
Complimentary
OPRA Data
Receive one-month free real-time options quotes upon getting approved for options trading. Continue to receive complimentary OPRA quotes as long as you trade options at least once within a calendar month.
Get Started
Access Vast Strategy Selections
Optimize your portfolios and expand your trading beyond stocks and ETFs.
Level 1
Level 2
Level 3
Covered Calls
Buy-Writes
Cash-Secured Puts
Long Calls & Puts
Long Straddles
Long Strangles
Collars
Protective Puts
Credit Spreads
Debit Spreads
Butterflys
Condors
Iron Butterflys
Iron Condors
Equity Options, Index Options
No matter what style you prefer, Webull has you covered.
American Style
Equity Options
Equity options can be exercised at any point up to and including the expiration date. When exercised, shares of the underlying stock or ETF are exchanged between buyer and seller. This flexibility gives traders more control over timing, but it also means early assignments are possible.
European Style
Index Options
Index options, such as those on the S&P 500 or VIX, the Volatility Index, are usually European style. They can only be exercised at expiration, with cash settlement. This structure offers advantages: Diversified exposure compared to single stocks; No early exercise or assignment risk. Lower volatility than options on individual stocks; Often have narrower bid/ask spreads than single-stock options due to greater liquidity.
Validate Your Option Strategy, Easier & Risk-Free
Webull Paper Trading lets you practice your trading skills & strategies with no risk.

Explore Webull’s Options Trading Solutions

Webull Desktop

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Webull Mobile App

Stay on top of the markets and your accounts wherever you go.
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More Ways to Trade & Invest with Webull
Webull offers access to Canadian and US Stocks, ETFs, US Options, and Cash Management— supporting a streamlined, personalized approach to investing.