After training since middle of May, taking a 2 day course, and studying options trading for countless hours, today I got denied by Fidelity when finally requesting Options on a brokerage acct.
Not gonna lie, that kinda hurt my feelings. I have 100K in that Fidelity brokerage acct and even more in other accts.
From what I read, I’m in good company.
Should I take it they don’t want newbies trading on their platform? I answered “1 year or less” on the options trading experience drop-down, and requested tier 1.
Should I just open an acct with Tastytrade or similar?
Fidelity denied my Options application 😳
byu/Speng713 inoptions
Posted by Speng713
12 Comments
If Fidelity can see that money , then asking them where is another place to get option approval, is the best way to get your answer.
I moved brokerage for that reason alone. Not begging for full access when I’ve got my money in your custody. 🤷🏾♂️
Robinhood is offering a 1% bonus when you transfer your brokerage account to Robinhood up to like 2.5 million I think not 100% but certainly 100k and they let you trade options ..
You cant trade there anymore because Fidelity is schwab now, you have to download the new app “charles schwab” and you will find your portfolio there and you will be able to trade then. If you have trouble logging to schwab contact them and they will help you.
You’re probably the first person to ever answer that question honestly. Got 18yos opening an account with 300k net worth and 5 years of experience. 😂
Yup, denied twice before becoming an expert in options that aggressively seeks growth, now have Tier 3 access. Fidelity has to ask those questions because of regulations.
Schwab is a good platform with think or swim. You just have to be a bit creative on your option app.
People actually get denied?
Just lie bruh
Answering 1 year or less is what got you denied. They want to see two years, and frankly based on my own experience I don’t think they’re being unreasonable.
Tastytrade or IBKR
I put 3 decades of options experience when actually I was born yesterday. Just wait for a year and then start lying in your application.