I'm 18, with only a little over a year of actual experience in investing, and applied about a month ago for options trading with Charles Schwab.
#1, I understand how easy it seems to put down information and experience you don't actually have, but trust me, it will come back to bite you. And I'm not just saying Karma haha they have ways of proving what you have.
Not exactly sure what happens when you put something wrong down. The market can be affected in a negative way if a bunch of beginners put down info like that. They screen for a reason.
I never heard back from them, so I called in, and they put me through rounds of questioning on investing strategies, terms, ect., and in the end I apparently got them all right and he approved me right then and there. Made my first trade this morning after researching and becoming more familiar via paper trades.
Here's my advice for what it's worth.
How To Buy Options: Getting Approved for Options
Boost your portfolio with more diversity and trades, and do some paper trades in the mean time until they allow you to join. Good luck investing!
answered Aug 23 '18 at 17:45