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Why was I required to say I've made over 100 stock trades

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Why was I required to say I've made over 100 stock trades before they would accept my application?

Is it some kind of regulatory thing? Because tdameritrade didn't require me to say any such thing. What's the deal with that?

How much trouble can I get into for lying about this?
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>>1347556
None. It is to make sure you don't harass their customer service with noobz questions and to make sure that you declare that you are a seasoned investor who understand what risks he gets into (legally useful)
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>>1347599
Why does "seasoned investor" have to mean "has donated over $1000 in commissions."

My plan with interactive brokers is to put money into leveraged bonds once every 2 months, and hold them until maturity.

It will take me over a decade to make 100 bond trades using this approach, but does that mean it's not a sound strategy or good investment experience? Why does only actually flipping securities count as investment experience, what about the time I spend going over financials?
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You know IB charges an additional fee if you're not making a bunch of trades per month, right? IB is for day traders and big boys. Not whatever weird hiki neet shit you have dreamed up.
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>>1347621
It charges 10 dollars a month. Their low margin interest rates more than make up for that.
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At one time I was thinking of trading e-mini s&p 500 on IB. Then I came to my senses!
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>>1347661
There's nothing intrinsically wrong with e mini, it's just that people tend to go into it with the maximum leverage of 20:1 because they're fucking stupid.
Thread posts: 7
Thread images: 1


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