Online paper trading options application form
Skip to main content. Search the site or get a quote. Understanding options trading Options are a complex investment and are not suitable for every investor. Keep these points in mind when trading options: Consider whether options fit with your investment goals, risk tolerance, and objectives. You could see significant gains—or lose your entire investment—in a relatively short time.
You should consult a professional tax advisor to discuss how options strategies may impact your tax situation. Submit your application Complete and submit a Brokerage Option Application, one for each brokerage account that you intend to use for options trading.
Complete an option application. Open a brokerage account. Getting approval In reviewing your application, we'll consider your account type and the information you provide about your finances, trading experience, and investment objective. You'll receive notice of your approval or denial by mail. We have four levels of options approval: Purchase calls and puts. Trade equity and index spreads.
Includes Levels 1 and 2. Write uncovered naked puts. Includes Levels 1, 2, and 3. Learn more about options trading Take an online class, watch a webcast, or try a virtual trading system.
Some topics you may want to explore include: Open or transfer accounts Have stocks somewhere else? Learn how to transfer an account to Vanguard. If you're new to Vanguard: Call Monday through Friday 8 a. Current customers and former customers opening new accounts are not eligible for this free trade promotion. The status of your free trades reward can be monitored via the Free Trades Center.
Reimbursements will be made to your account via a credit within 30 days of receipt of the Account Transfer Reimbursement Request form and proof of transfer fees. SogoTrade reserves the right to terminate this offer at any time without prior notice or extend the offer at its sole discretion. Offer is not valid for internal transfers between any two SogoTrade accounts.
Offer valid for a limited time. The free trades promotion is only available to brand new customers of SogoTrade Inc. Current customers and former customers opening a new account are not eligible for this free trade promotion. Referral rewards will be valid for 90 days from issue date and can be used for real-time market and limit orders or scheduled investment trades.
There is no limit to the number of friends you can refer or the quantity of free trades you can earn. Please read Terms and Conditions for details.
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You should not consider information provided on this website as a recommendation or solicitation to invest in, or liquidate, a particular security or type of security. Please see details regarding all offers as terms and conditions may apply. SogoTrade does not provide tax advice. Please consult your tax or legal advisor for questions concerning your tax or financial situation.
You should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information. You should read the prospectus carefully before investing. You should consider the investment objectives, charges, expense, and exclusive risk profile of an exchange-traded fund ETF carefully before investing.
Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. A prospectus contains this and other information about the ETF, and you can obtain a prospectus from the issuer. Market volatility, volume and system availability may affect account access and online trade execution.
For more information, please read the Characteristics and Risks of Standardized Options. Please note fees, commissions and interest charges should be considered when calculating results of options strategies. Transaction costs may be significant in multi-leg option strategies, including spreads, as they involve multiple commission charges.
Supporting documentation for any claims will be supplied upon request.