Q: What are the option approval levels?
A: Option approval levels are a tiered system that determines the level of options trading access based on a trader’s experience and knowledge. Here are some frequently asked questions to provide more information:
Q: How are option approval levels structured?
A: Option approval levels typically range from Level 1 to Level 4, with Level 1 being the lowest and Level 4 being the highest. Each level represents a higher level of options trading expertise and allows for more complex strategies.