Optionshouse option trading levels

When completing the online application, you will first be asked to provide your residential address and there will also be an area for you to provide an alternative mailing address.

You may use a business address as your mailing address but your residential address is required. Non-resident aliens may not open an account at OptionsHouse. Yes, you may authorize a limited power of attorney authorization LPOA on your account. By completing a LPOA form you allow a third party to trade on your account but it does not allow the LPOA to perform other functions in your account such as transferring money or changing personal information. When completing the account application, you will need to provide the name, residential address, social security number, date of birth and employment information for all applicants.

OptionsHouse will inform you if any additional information is needed via email before account approval. OptionsHouse is required pursuant to the USA PATRIOT Act and industry regulations to verify the identity of our clients including name, date of birth, social security number and residential address.

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In order to open an entity account, there must be a primary account holder and all authorized officers of the entity must pass this verification process. You will need to provide a copy of your military orders for address verification as well as a government issued photo ID. At this time, OptionsHouse is only registered to conduct business in the United States. Due to differing tax implications and foreign securities regulations, we are not able to maintain accounts for customers residing outside of the United States on a long-term or permanent basis.

Nor are we able to open accounts for entity accounts where the entity is registered outside the US OR where any member resides outside of the United States. OptionsHouse is required pursuant to the USA PATRIOT Act and industry regulations to verify the identity of our clients including their name, date of birth, social security number and residential address.

OptionsHouse uses a soft credit check from a third party provider in order to verify personal information about our potential customers. In order to open an account with all potential account holders must pass this verification process. If the soft credit check does not verify the required information, requires additional documents in order to verify the information.

Pursuant to industry regulations and the USA PATRIOT Act, OptionsHouse is required to obtain certain information from our clients, including employment information. Pursuant to industry regulations and the USA PATRIOT Act, OptionsHouse is required to obtain certain information from our clients, including income sources. Yes, you may fax your documents to us at Please ensure you list your account number on the documents that you are sending. It is also always best to use a fax coversheet with your name and account number on it.

Please specify if you would like your virtual account closed as well. OptionsHouse is required pursuant to the USA PATRIOT Act and industry regulations to verify the identity of our clients, including residential address. In order to open an account with OptionsHouse, all account holders must pass this verification process. If we are unable to verify a residential address, we may not be able to open your account. An email will be sent to your email address once the account is opened and approved at OptionsHouse.

Unfortunately, due to security concerns we cannot email you a copy of your application, but we can mail you a copy of the application at your address of record. Unfortunately, we cannot change the type of account once the online application has been completed.

If you chose the wrong account type, please log-in online, and apply for the correct account type by filling out a new application. OptionsHouse uses a soft credit check from a third party provider in order to verify public personal information about our potential customers.

In order to open an account with OptionsHouse, all potential account holders must pass this verification process.

If we are unable to verify certain information, additional documents may be requested. We will NOT accept: Documents we will accept for this verification are:. OptionsHouse is required pursuant to the USA PATRIOT Act and industry regulations to verify the identity of our clients including your name, date of birth, social security number and residential address. If the soft credit check does not verify the required pieces of information, OptionsHouse requires documents that can verify the information.

Residents of the United Kingdom, Germany, China, Hong Kong India are eligible to apply for an International account type. Your account should be opened under your legal name at the time you complete the account application.

If you have recently gotten married and have not legally changed your name, please apply for the account under your maiden name. If you have legally changed your name, we may ask you to provide a copy of the court issued documents showing the name change.

Alternatively, you may obtain the letter from your compliance officer and submit it to us via fax or email. Community property states are: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. Customers residing outside of these states are not required to have their spouse sign this form.

OptionsHouse offers a variety of entity accounts, each with different paperwork requirements. Please see the list below for the documents that are required for all entity accounts. If you would like to change your IRA beneficiaries, an IRA Change of Beneficiary Designation Form is required.

Please complete the form and fax to If you would like to add a beneficiary on a non-IRA account, please complete a Transfer on Death Form and fax to OptionsHouse considers several factors when assigning a trading level, which includes but is not limited to financial status, investment objectives and trading experience.

Include your name, the last four digits of your social security number, your date of birth, your account number and the trading strategies you are applying for.

The email must come from the email address on file with OptionsHouse. Listed below are the trading levels currently offered at OptionsHouse. Typically, the conversion takes hours to complete.

You will receive an email once the account has been converted. Your Competitive Edge in the Market. Discover how our unmatched value will give you an edge in your trading. Get your competitive edge Get a Better Rate. Compare Rates About OptionsHouse About Us Press Releases Awards Careers Affiliate Program Customer Service Frequently Asked Questions — FAQs Live Chat Live Chat Offline Customer service is available Monday — Friday, 8 a.

OptionsHouse does not provide investment, tax or legal advice. Options and futures transactions involve risk and are not suitable for all investors. Electronic trading poses unique risk to investors. System response and access times may vary due to market conditions, system performance and other factors.

An investor should understand these and additional risks before trading. Securities and futures products and services offered by OptionsHouse. Member FINRA SIPC NFA. Log in Open an Account.

Can I have a mailing and residential address? Who can open an account at OptionsHouse? If I am opening an account with another individual, do I need to provide their information as well? I am opening an entity account with multiple members. What information must I provide? I am opening an account for my company.

Why do you need my personal information? I am in the military and overseas. Can I open an account? What documents will I need? I live in the U. What other documents will I need to provide to open my account? Why do I need to provide my employment information? Why do I need to provide my source of income?

Can I send documents via fax? How do I cancel my account application? I currently do not have a permanent residence. Can I still open an account? How will I know when my account has been opened? Can you email me a copy of my application? If I opened the wrong account type by accident, can you change my account type for me? I completed the account application process, but you are asking me for additional documents — why?

What documents are acceptable for address verification? The only documents we will accept are: What documents are acceptable for address verification if I live with my parents or spouse? Documents we will accept for this verification are: I am a student, what can I send in to verify my address? If you are living on a college campus, there are two options to verify your address: Send us a letter from your college housing office confirming your address and the dates you are residing in campus housing OR We can make the college address your mailing address and change your residential address to your permanent address.

I am in the military and overseas, can I open an account?

Optionshouse trading levels | Elite Trader

What documents are acceptable to verify my date of birth? In order to verify your date of birth, please provide one of the following: Non-Expired State issued ID A copy of your passport A copy of your birth certificate.

What documents are acceptable to verify my social security number? In order to verify your social security number, please provide one of the following: A copy of your social security card A letter from the IRS verifying your number A complete, signed copy of a professionally prepared tax return A copy of your Medicare Card A copy of your selective service card We will NOT accept: My social security number is correct on my application, why do you need a copy?

Do you run a credit check when I apply for an account? What documents are needed to open an entity account? How do I change the beneficiary on my account? How can I add a Transfer on Death beneficiary to my account? How is my trading level determined? Do you check my credit for a Margin account? No, not at this time. How do I change my trading level? Buy Stock, Covered Calls, Protected Puts, Cash Covered Puts, Purchase Options, European Cash Settled Spreads Level 3: Debit and Credit Spreads American style Level 6: How do I change my cash account to margin?

How do I change my margin account to cash? OptionsHouse will not be able to change your account from margin to cash at this time. What are trading levels? The following are OptionsHouse trading levels: Get a Better Rate Compare our rates and see why there's no comparison.

About OptionsHouse About Us Press Releases Awards Careers Affiliate Program. Customer Service Frequently Asked Questions — FAQs Live Chat Live Chat Offline Customer service is available Monday — Friday, 8 a. FINRA BrokerCheck reports for OptionsHouse and its investment professionals are available at www.