I was looking to open a mb account with $3500 in it. Everything was going great till I got to page 7. "Annual Income, Liquid Net Worth and Net Worth must each equal or exceed $50,000." So what are my options? If I just say I qualify how can they check that? Also my other option would be a custodian account I am guessing? Thanks! /j
I think every brokerage account I have opened has required statements of my financial status. This is to protect the broker from suits by clients.If you overstate your estimate of your financial ability, the broker is not likely to check on you to see if you lied. Of course you must satisfy yourself that you are qualified to loose the full account balance. MB Trading is near the top of my best broker list.