How do I add Options Trading to my account?

To add Option Trading to one or more of your accounts, login to your Qtrade account and:

1. Under Accounts, click on Open New Account, and select the accounts you want to add options to.
2. Next, select the option level(s) for each selected account. Registered accounts (RSP, TFSA, FHSA, etc.) can only have option level 1 or 2 (long calls, puts, and covered calls). If you have a cash account, you will need to open a “Margin account" instead. Margin accounts can have up to option level 4.
3. Contact us when you’ve completed the application and Qtrade’s new accounts team will add the option features to your existing accounts (rather than open new accounts).