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Credit Scores and margin accounts.
- Thread starter dylan57
- Start date
Quote from dylan57:
How come I have gotten turned down for a margin account as well as an options account because of credit with scottrade? Is this just scottrade's policy?
Actually the real question is why would anyone choose to use Scottrade as a broker. In simple terms, they suck. Find someone better. If you are interested in options, go through either Think or Swim, or Interactive Brokers.
Quote from Cache Landing:
Actually the real question is why would anyone choose to use Scottrade as a broker. In simple terms, they suck. Find someone better. If you are interested in options, go through either Think or Swim, or Interactive Brokers.
I beg to differ, I opened a Scottrade account and I have gotten equivalent or BETTER fills than IB. I opened it because of their flat rate and I'm trading enough size that the IB rates are expensive.
I can say plenty of bad things about IB, but at the very least don't bash a broker who (so far) I've had no problems with. I've been using them for only 3 mos tho.