Forex Trading Scottrade
Discount Online Trading Platform for stocks or forex?
Hello all, I have some cash to invest.For stocks, do any of you know an online trading platform that I can deposit with a credit card? (I have the cash but want to use the credit card to get points) I know some Forex Trading lets me do this.
Also what is your favorite online brokerage to use? I currently have Scottrade but am dissatisfied with the length it takes a transaction “close” After I buy and sell a stock , I have to wait almost 48 hours for the transaction to “clear before I can use that cash again
thanks
FINRA registered brokerage firms are not allowed to accept credit cards for deposits. It’s part of the anti-money laundering regulations.
Your issues with Scottrade aren’t specific to them. That’s how cash transactions settle per the SEC. To avoid this delay, establish a margin account and you can use the proceed of the sale right away.
As far as trading stocks and Forex in the same account, Zecco is the only brokerage I know of that allows you to trade both.
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