Monday, August 14th, 2017

Is there an online site where I can do light stock trading even if I have bad credit?

I want to invest less than $ 1,000 in stocks of different fish, but few Scottrade would not let me open an account. I’m not sure Why? est? n looking at the cr? dito anyway, but then I am new to stocks and the rules of negotiation? n. Is there alg? No site that will allow? buy stocks with bad cr? dito?

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5 Responses to “Is there an online site where I can do light stock trading even if I have bad credit?”
  1. Serge M says:

    You may be unable to open an account with so little money. Try other on line brokers. Also investing $1,000 in several stocks makes little sense. With so little money you are better off investing in a good no load mutual fund.

    Any broker will accept your account if you can deposit a sufficient amount of money to meet their criteria. Your credit rating should not matter, because the broker is not lending your money. You may be unable to open a margin account.

  2. mrrosema says:

    you should not be investing if you have substantial “bad” debt such as credit card or other loans at a >10% rate because the return on paying those off is probabaly better than stock investments.

    that being said, e trade or charles schwab should take you.

  3. ocsurf says:

    Look at Sharebuilder, ETrade, Scottrade, or Ameritrade. I have stocks through each of these and they never did a credit check.

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