I want to invest under 00 in a few diferent but Scottrade would not let me open an account. I am not sure why they are looking at credit anyway, but then again I am new to and the rules of trading.

Are there any sites that will allow you to buy with bad credit?

 

  • mrrosema 5:03 am on April 27, 2010

    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.

  • Serge M 5:03 am on April 27, 2010

    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.

  • ocsurf 5:03 am on April 27, 2010

    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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