OT - Online Brokers

Discussion in 'Credit Talk' started by mosdef, Apr 27, 2002.

  1. mosdef

    mosdef Well-Known Member

    Are there any online brokers that let you sign up to your account, fund your account by credit card, and start trading right away, without having to mail anything in? Basically I want to have the opportunity of signing up to a broker on a whim without waiting a few days for mailing and processing.
     
  2. keepmine

    keepmine Well-Known Member

    Mosdef,

    Funding a brokerage account with a credit card causes what are known as "Reg U" problems and brokerage firms won't do it. Also, online firms won't place an order unless the account is funded. If you want to play with cc money, open the account and the day before you trade, get a ca off the card and wire the funds to your broker.
     
  3. radiohead

    radiohead Well-Known Member

    You can start nearly instantly with a checking account, they will not take Credit Cards.
     
  4. mosdef

    mosdef Well-Known Member

    What sites will debit your checking account automatically? The problem is that I don't have checks at the moment.
     

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