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).
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