Lesson Options trading

Enabling options trading

If you didn't enable options trading during your account applications, follow these easy steps to enable options trading in your Questrade account.

When you first create your Questrade account, you have the option to enable Level 1 options trading by clicking “yes” to trading options in the account application online.

If you didn’t enable options trading, or if you’d like to increase your option level, please follow these easy steps:

  1. Log in to your account.
  2. Head over to the Management page on the top navigation bar, and click on Account management.
the account management page
  1. Select the account that you’d like to modify.
    • Please note: To enable options trading for multiple accounts, you will have to repeat this process for each account individually.
changing options level
  1. Click the Change button on the Options level bar.
  1. On the next page, select the options level you wish to upgrade (or downgrade) to, and click the green Submit button.
  1. Download the Options Trading Agreement form:
    • Fill out your account number at the top right.
    • Enter your First and Last name (and joint account holder’s if applicable).
    • Check off the desired option level.
    • Sign and date the bottom of the form (E-signatures accepted for non-joint accounts).
  1. Upload the first page of the agreement from the Account Management menu under Upload documents.

Processing time: 1-2 Business days. In most cases after you’ve submitted your request online, and uploaded your agreement, you will be able to trade options at the end of the next business day. You can check back on your Option level on the main Account Management page.

Important to note: After you have submitted a signed Options Trading Agreement, you can modify or upgrade your options level for that specific account anytime from the Account management page as long as you meet the equity or account requirements. You do not need to re-submit the signed agreement.

Note: The information in this blog is for educational purposes only and should not be used or construed as financial or investment advice by any individual. Information obtained from third parties is believed to be reliable, but no representations or warranty, expressed or implied, is made by Questrade, Inc., its affiliates or any other person to its accuracy.

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