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> I would choose Schwab over Robinhood any day of the week Don't you have to prove to them that you actually know something about options before they let you t
by outworlder 6y ago
> I would choose Schwab over Robinhood any day of the week
Don't you have to prove to them that you actually know something about options before they let you trade? Robinhood... you check a box.
- wtf_is_up 6y agoNot really. You ask for level 1-4 options trading and they have you select from a dropdown how many years experience you have. It gets approved quickly. I've done this on TDA, IBKR, Merrill Edge.
- icedchai 6y agoAll brokerages are like that. Back in the early 2000's, when I first enabled options trading, I had to fill out a paper form. This was also mostly just checking a box. If you could put a stamp on an envelope, you were qualified to trade options.