When applying to trade futures/options with a broker, you typically have to tell them how long you've been trading, how often, what types of investments, your net worth etc.
Well, I did this and was not approved. This makes me wonder, as long as you express a clear understanding of how futures/options work and the risk that goes with them, why wouldn't they approve you? If I make a bad investment and go into debt, that's my problem, not their's, right? So what's in it for them to disapprove someone? (not looking for advice, just an explanation on what they're incentive is on approving/disapproving someone).
Thanks in advance!
Submitted March 05, 2017 at 11:08AM by ccivello http://ift.tt/2lt2b2P
