Day trading off Amex?

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Thread: Day trading off Amex?

          
   
  1. #1
    TheYoungConnoisseur's Avatar
    TheYoungConnoisseur is offline Senior Member
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    Default Day trading off Amex?

    Not asking if it's a good idea but can you find a margin account w 100k+ off a card? Or do you need to wire in 25k minimum from another source to keep it open and allow more than 3 trades per 5day period?

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  2. #2
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    Huh?

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    CFTC Bans Credit Card Use by Retail Foreign Exchange Investors - Bloomberg Business

    Can you do a cash advance with your CC and fund with cash instead?

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  5. #4
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    Yeah, but not a 6figure advance. Only thing I can think of is find a buddy as a jewelry store who will charge your card 100k then give you 97grand in cash to cover his cc fee then stick that in the account and go spin the wheel on the market for the rest of the month until the whole 100k is due
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  6. #5
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    sounds scary
    "Remember who's putting bread on whose table"

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    At least American express isn't going to break your knees...
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  8. #7
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    Quote Originally Posted by slomaro3.4 View Post
    At least American express isn't going to break your knees...
    very good point

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