I am planning on signing up for a brokerage.
The online contracts talked about being aware of deficit balance possiblility. I was of the understanding that there would be a margin call before that could ever happen.
Does this happen because they don't execute the margin call at the right point? Is this a common occurence that I should worry about?
Also, they talked about employment information, net worth, etc. I recently finished university and am not employed and was simply given a small money amount to trade with. Is this a problem to get an account? Do you need long term credit history etc?
I assume every brokerage is different, but I thought i'd get a gauge before I decide how to approach this.
Any info would be very appreciated. Thanks.
The online contracts talked about being aware of deficit balance possiblility. I was of the understanding that there would be a margin call before that could ever happen.
Does this happen because they don't execute the margin call at the right point? Is this a common occurence that I should worry about?
Also, they talked about employment information, net worth, etc. I recently finished university and am not employed and was simply given a small money amount to trade with. Is this a problem to get an account? Do you need long term credit history etc?
I assume every brokerage is different, but I thought i'd get a gauge before I decide how to approach this.
Any info would be very appreciated. Thanks.