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Thanks for the replies. My etrade guy told me that the experience probably did it and that I could use paper trading experience and up the number as there is no real verification process. It is frustrating they didn't give the official reason for denial. I reapplied today and will see what happens.

I have been with eTrade forever and just got my portfolio margin account application rejected. It took them over a week to tell me that too. I meet the funding requirement, am qualified to write naked calls, pull in a good income from a day job, and have over $1M assets and liquid capital. I've...