I'm at TD Ameritrade, but I'd guess the requirements aren't dramatically different at other brokers. What are they looking for - funds in account, income, net worth, experience, stated risk profile? Which is most important? Do they run a credit check? Are they calling/writing to your employer for income verification?
it`s SEC exchange rules. or industry rules, the don`t want students or ghetto traders people borrowing money at 20% credit card debt to gamble as you know 90% of poker players or traders go broke from trading too much margin or risk from undercapitalized for futures or forex. or from greed. they want to double their account a month okay since forex and futures in percentage barely moves 1% and stock prices barely moves 1% intraday,,
Depends on the future, on that 1% thingy. See CL and RB and HO these past two weeks for example. Get the direction right, rich. Get the direction wrong, poor.