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i need to borrow 40k USD for 1 minute to open a high end brokerage

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Thread replies: 16
Thread images: 1

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i need to borrow 40k USD for 1 minute to open a high end brokerage account. i don't plan on actually using the money. it doesnt sound like they require a minimum balance, so i'll just return the 40k immediately.

how do i do this?
>>
>>1576397
you either know someone with 40k they can lend you (literally nobody - it will be tied up), or you don't retard
>>
>>1576397
>high end brokerage account
what constitutes a "high end" brokerage account and why do you need one?
>>
brokerage accounts that cost that much money are for people how are dealing with large amounts of money, if you can't pay the entry then its best you dont enter.
>>
>>1576443
just use optionshouse, never had an issue and it has the lowest commissions. TDAmeritrade has better software but I'm not paying $12++ a trade. If you want you can papertrade on tdameritrade and put the trades in on optionshouse
>>
>>1576427
in the end it all comes down to having the best clearing firm for shares to borrow. if you're experienced with short selling, you'll know the best opportunities have no shares to short. very few brokers have the right clearing firm, and they're typically ones that require a high minimum
>>
>>1576460
which clearing firm do you prefer?

since your obv a poor fag why don't you get more leverage buying/selling options on margin
>>
>>1576475
its not what clearing firm i prefer, theres only 1 best clearing firm

i would use leverage in shorting if i could, but the margin requirement is 100% for interactive brokers, and probably the same elsewhere. you're right about buying. i'm trying to learn better strategies for buying, but that doesn't mean its smart to limit yourself to only play long positions
>>
>>1576488
put options give you leverage mr. wolf of wallstreet

which is the best clearing firm?
>>
>>1576397
>I need money to show I'm not an idiot with money but I'm an idiot with money so I don't have money
>wut do?

good luck to you friend. You've got a ways to go yet. I recommend buying a house and paying your mortgage in a timely manner for a decade or two. That'll get you $40k in available credit easy enough.
>>
>>1576460
What clearing firm does the brokerage use?

Sounds like a marketing trick to get extra capital to me. Because most brokerages run their own clearing to begin with, and I've never heard of a brokerage that uses multiple clearing firms. It's all the same regardless of accounts. So what company are they talking about?
>>
>>1576535
>>1576475
>>1576447
What is your problem autismo? Do you even understand how clearing trades works?
>>
>>1576587
Name 3 (large-scale) brokerages that clear their own trades and I'll wait...
>>
>>1576427
I understand that in the forex space prime brokerages will also give you last look, and a glimpse into their liquidity pool's orderbook and volume. With retail brokers you will never be privilege to be anywhere near the real forex market liquidity.
>>
>>1576592
you're a retard, that's my problem
>>
>>1576593

TD Ameritrade
Goldman Sachs
JP Morgan
Charles Schwab
E*Trade
Interactive Brokers
Merrill Edge (Merrill Lynch)
Vanguard

They all own their own clearing firm.
Thread posts: 16
Thread images: 1


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