MARGIN ACCOUNT
Hi everybody! I have a cash account in Tradeking. I applied for MARGIN, but they denied to add MARGIN to my account(I have more than $2000 in my account), because they need my employment information. Actually I have no job now. What brokers can open margin account without checking of my current employment ?
uhh just about any retail FX....you can get 50:1 leverage( in the US, if you like that sort of maniacal risk)....why didnt you just say you were self employed on the trading app lol? I have never heard of a retail broker actually verifying your employment info.
50:1 leverage in the FX market isn't maniacal risk at all..you trade spot forex, it's impossible to make any money even if you have 5:1 leverage. The moves are small, and the profit is even smaller.
50:1 isn't crazy at all in a market that moves such small basis points~
Yeah, I just spoke to OptionsHouse (where I have my account) and the customer service guy said he'd never heard of someone being denied a margin account due to unemployment. It's really pretty impossible to get yourself in over your head when margining equities.
Anyway, this was his follow-up email to me:
Based on that, I'd say they wouldn't hassle you over not working at the moment (as long as you met the minimum account requirements). Here's a link to them if you want to check them out:
OptionsHouse
I've been really happy with them.
Had the same experience :-P Hence why I am trading on my Zecco account (had no problem getting margin there).
Incidunt dicta ut et maiores numquam quia. Et aspernatur iusto optio eaque iusto. Totam fugit eius eaque fuga est explicabo. Id omnis quidem magnam sapiente ut et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...