share. 2k is recommended but not required. That said, after you make this deposit there is no regular maintenance or inactivity fee regardless of how much or little you trade. Technically, the insurance is valid per customer, not per account. Trading on margin involves risk, including the possible loss of more money than you have deposited. Hang in there! Does anyone know why this happens? To add Option Trading to one or more of your accounts, under My Accounts click on Open New Account and select the accounts you want to add options to. E*Trade Pattern Day Trading Like other brokerage houses, E*Trade enforces a pattern day trading regulation, the dreaded PDT rule. When trading on margin, an investor borrows a portion of the funds he/she uses to buy stocks to try to take advantage of opportunities in the market. If they’ve suspended my account, they should have at least told me why, as I haven’t done anything to warrant one. You need Margin, Spreads approval for options, and advanced … Cookies help us deliver our Services. Check out our site at etrade.com. Press question mark to learn the rest of the keyboard shortcuts. Feb 25, 2010 #2 Try GFTUK - Attending one of their free seminars or signing up for a 1-2-1 webinar to understand how the platform works is a good route. Or if not what should I be prepared to lie to the faggots at Etrade about on my phone call? Cookies help us deliver our Services. Yea very strange. , These assholes deserve a Class Action, been w/ they for years can’t even get a damn reply, Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. My Ticker Changed! You don't need millions in the bank to become a client at Morgan Stanley anymore, said Greg Iacurci at CNBC — all you need to have now is an E-Trade account. A corporate manager offered me $100 for my inconvenience and losses. Have no idea how to get my money back now, To get it approved you need to upload your drivers license and SSN which is under customer services. In addition, E*TRADE Securities can force the sale of any securities in your account without prior notice if your equity falls below required levels, and you are not entitled to an extension of time in the event of a margin call. For information about options trading, including the risks, please review the " Call 800-ETRADE-1 (800-387-2331). Account is not approved for trading. Or is this an issue that I have to call about? In order to subscribe to real-time data, you first have to have $1,000 in your account. Everything looked like it was working but when I wanted to buy a share of stock I got a "This account is not approved for trading". We are waiting for GetHuman4931091 to fix the problem and share the solution with the rest of us customers. You can trade and invest in options at TD Ameritrade with several account types. Short selling (trading on a borrowed stock) is not allowed, and you can't trade any stock with a market value of less than $10/share until seven business days after your account application is approved. save. If you are approved you can start off selling SPX calls if you want. I’ve had this account for a couple years, and I have a decent amount invested in it. New comments cannot be posted and votes cannot be cast. @LondonBoyPuffy Taken @etrade two months to set up my account and it’s still not working. The Federal Reserve’s Regulation T is one of the key restrictions in the SEC arsenal of tools for controlling day trading. Why not try Thinkorswim, who is owned by TDA anyway? 4 comments. They are not the fastest in my experience. Open Etrade Account Is E*Trade SIPC Insured? So the first thing you need to do is deposit a grand in your account. How many day trades does Etrade allow on cash account. 9 months ago. Smh where’s the service. Etrade held my account hostage for about a week and then a corporate manager allowed me to opt out of real time quotes, because etrrade apparently got numerous complaints about their behavior. This platform has been a nightmare since last Friday. In addition, E*TRADE Securities can force the sale of any securities in your account without prior notice if your equity falls below required levels, and you are not entitled to an extension of time in the event of a margin call. In addition, E*TRADE Securities can force the sale of any securities in your account without contacting you if your equity falls below required levels, and you are not entitled to an extension of time in the event of a … I have an account with fidelity with about 15k in it and I have traded options before, but fidelity said I don't meet their "financial requirements" I'm not really sure why because I only want to sell covered calls, and I have a pretty good net worth and liquid net worth for someone my age. Etrade doesn't want to do business with this guy. Been waiting for my measly 200 to become active for almost a week now. As a result of the merger, Mylan stock transformed into Viatris stock, which trades under the ticker symbol “VTRS” on the Nasdaq exchange. You will also need to apply for, and be approved for, margin and option privileges in your account . ToS doesn't have "levels". Hope I can cancel my RH transfer before it goes through, I’ve had an E*TRADE account for years, and this same issue started happening to me tonight. EDIT: In fact Schwab is so bad that when I merely changed my account from my own name to my trust that caused by option trading level to be set back down to level 1. Each futures trade is $1.50 (per side, per contract, plus exchange fees), excluding bitcoin futures trades, which are $2.50 (per side, per contract, plus exchange fees). With a TD Ameritrade account, you’ll have access to options trading on our web platform, as well as our more comprehensive platform thinkorswim. I’m mean what damage am I going to do with just 200, E*TRADE took some money from my bank and I still can’t buy stocks because it says my account hasn’t been approved for trading. By Mail. When trading on margin, an investor borrows a portion of the funds he/she uses to buy stocks to try to take advantage of opportunities in the market. They are not the fastest in my … It took a good 4 days to transfer the funds and 3 more days for them to become available for trading. best. Before buying and selling options, investors should understand all of their rights and obligations associated with trading options. Trading privileges subject to review and approval. The weird thing is it’s not saying my funds aren’t available for trading, but my entire account which I’m wondering what I can do about that. Complete and sign the application. How GetHuman4931091 fixed the problem. We are available 24 hours a day, 7 days a week. Recently I have applied for level 2 options with them ,and I was denied. Choosing a trading platform. I made a fidelity account which is what I think I’ll mainly be using. Hang in there! I initiated a switch to Fidelity, but it’ll take an estimated 8 days. E*Trade Pro Market Data Subscription Once you have done this, next you need to subscribe to real-time quotes. Margin buying power limits, and $25,000 minimum equity balance PDT restrictions. How difficult is it to be approved for options with etrade? Check the URL and try again. Visit our contact us page. Just frustrated this week, I did not have a problem with cash app.. worked like a charm, I have 100 for 13 waiting for Monday. Does anyone knows what kind of experience one should have and what should be the account objectives in order to qualify for the level 2. You email them you don’t get reply you use the chat no reply you call no answer. Let me suggest something. Feb 26, 2010 #3 I've just moved my … The answer is that despite the rigid terms of custodial accounts, they do offer some tax benefits that you won’t get with a taxable Etrade account. Options trading involves risk; is not suitable for all investors; and is subject to approval. I ran into the same issue. Still can't find what you need? I would like to know the reason why or get my documents verified. I opened my account at the beginning of this month. In addition, E*TRADE Securities can force the sale of any securities in your account without prior notice if your equity falls below required levels, and you are not entitled to an extension of time in the event of a margin call. Opening an account with Etrade is completely free, however you must deposit a minimum of $500 within 2 months of account opening or they will deactivate it. Rules related to the settlement of stock transactions and borrowing from others to meet margin requirements also limit what day traders can do. Here’s what you need to keep in mind. And E*Trade’s memberships don’t stop with those organizations, either. GetHuman4931091 did not yet indicate what eTrade should do to make this right. You might be wondering, with the lack of flexibility in custodial accounts, why not just create a regular investment account under your own name and give the money to your kids on your terms? Sup faggots. Why is VTRS stock in my account? Has anyone had this problem when they first joined? Please … Download an application and then print it out. I got locked out from logging in as well, let me know if you have any luck getting in. When trading on margin, an investor borrows a portion of the funds he/she uses to buy stocks to try to take advantage of opportunities in the market. I don't trade much but I like the idea of being able to trade stocks and currencies from the same account, though this is not essential. I’ve seen questions about this for new accounts, but not for one that’s been in use for a while. I applied for options trading with Etrade and they just sent me this message about how they need more info and to call their service number. 194 1. nunrgguy Established member. Forex accounts are not available to residents of Ohio or Arizona. E*Trade participates in the SIPC insurance system, which protects American brokerage accounts up to $500,000. What's the claim - etrade has a legal obligation to explain their decisions regarding day traders day trading OTC on margin? Opened account 2 days ago, about how long did it take for your account to be approved? It took a good 4 days to transfer the funds and 3 more days for them to become available for trading. Do you need at least $2000 in your account to trade forex? According to their Rep it is because I didn't answer "correctly" their questions. I have same issues can’t even login to the new account. Same here. hide. Setting up an account . Etrade pattern day trading rules and active trader requirements. By using our Services or clicking I agree, you agree to our use of cookies. 656 118. Send the application with a check made payable to E*TRADE Securities or E*TRADE Bank (depending on the type of account you're opening) to the appropriate address. Im sure they have an influx of people from the other platforms. An actively traded stock may not trade for a good part of a day due to a trading halt, and thinly traded stocks may sometimes not trade for a day or more due to their ownership structure and investor sponsorship. So should I just say fuck Etrade and use another service that approves options trading much more easily?