xxxtacular_com asked:
I was approved for an account and for options trading. Then after I wasted a week waiting for them to allow me to trade options I got a letter saying that my credit is not good enough for them to let me trade options.
I was approved for an account and for options trading. Then after I wasted a week waiting for them to allow me to trade options I got a letter saying that my credit is not good enough for them to let me trade options.
I am closing my account with them. What broker is likely to allow me options trading without credit checking?
{ 4 comments… read them below or add one }
Not any of them. You’ll have to deposit cash and have a positive balance.
None, option trading require a credit check because of the margin that is often involved.
Non of them. However, try firstrade. I use firstrade as my online broker. There’s no specific requirement for option account. You just need to fill out their option application form and they will enable your account for option trading.
Thinkorswim is a awesome brokerage that is a must for options trader. They don’t have any options levels like most brokerage or credit checks. Their software is the best for options analysis. Best of all there is no additional brokerage fee with them. Also commission is competitive because they will match most brokerage commissions.
The software is a bit complex but if your serious about the software I can give you a quick tutorial. Contact me for details