Which online broker offers no minimum start up fund for option trading ?
Victor аѕkеԁ:
I’m student аnԁ i want tο ѕtаrt trade option аnԁ i need tο know whісh online broker offers nο minimum ѕtаrt up fund meaning 100% οf thе fund wіƖƖ bе used fοr thе underlying securities.
I’m student аnԁ i want tο ѕtаrt trade option аnԁ i need tο know whісh online broker offers nο minimum ѕtаrt up fund meaning 100% οf thе fund wіƖƖ bе used fοr thе underlying securities.
I realize thаt OptionXpress ԁο nοt hаνе minimum ѕtаrt up requirement bυt thеу need margin account οf minimum οf $2000 fοr buying ***** рυt.
Anyone whο know аbουt thеѕе please ԁο come forward аnԁ ехрƖаіn, thank уου.
Tags: Trading Platforms
How can you buy and sell options without money? You could paper trade without money. Once you have an account number. I think you would not have to fund your account for that. I paper traded for about a year with $200,000 play money. Aft3er one year I had $400,000. So I borrowed $65,000 on an interest free credit card for a year. In one year, I lost it all. The ‘trader effect’. There is a lot to learn. It would have been best if I had started paper trading with a realistic amount, I think. OptionsExpress has a nice learning program. Good luck.
Comment by ifoyo — December 27, 2008 @ 6:28 pm
Everyone seem to suggest Sharebuilder but it isn’t the top of the line far as analyst tool.
Comment by Bob — December 30, 2008 @ 10:33 am
In the UK you can have a credt account for options. This means you put up the margin as and when required. It won’t allow you to write options though. Also we require you have a reasomable income, savings and a knowledge of option trading. Your application is usually accepted or declined on a point scoring basis using the above information. I don’t know about US. I am thinking of IG Index or City Index
Comment by raysor — January 1, 2009 @ 10:44 pm