VisualMod t1_ja5xp5l wrote on February 27, 2023 at 2:06 AM

>It's most likely because they don't want to take on the liability of someone with no experience in options trading losing a lot of money. By keeping you at tier 1, they can limit your losses and protect their own interests.

Fun-Exercise-7196 t1_jaai283 wrote on February 28, 2023 at 12:56 AM

Yes, no experience is the real reason. Seen it first hand many times. Blow up your account and blame the Brokerage.

[deleted] t1_ja5xymt wrote on February 27, 2023 at 2:08 AM

[deleted]

stiveooo t1_ja6h49k wrote on February 27, 2023 at 4:52 AM

its like when americans need safety labels for anything, and if they drink nails they start to sue everyone cause they didnt warn him.

main goal is protecting the company from dumb americans

throwitawayCrypto t1_ja838og wrote on February 27, 2023 at 3:28 PM

This is a hilariously bad excuse for corporations just being shitty. Get the fuck out of here lmao

notpaultx t1_ja5zhn9 wrote on February 27, 2023 at 2:20 AM

Nope, a lawyer can still make a lawsuit out of it and if it goes to court (where they ultimately win) they would still be out thousands of dollars in legal fees. It's risk mitigation

ImaginarySector366 OP t1_ja5zvau wrote on February 27, 2023 at 2:23 AM

Actually!!!! Okay this makes sense. Cause I was like no way they’re looking out for my money and my risk of losing. Finally peace that they’re just still blood sucking monster just looking out for themselves.

stiveooo t1_ja6h7ct wrote on February 27, 2023 at 4:53 AM

thats why in other countries you can do options with 10$ no question asked, cause they dont sue the company just cause they lost the house.