Options AI offers two main types of accounts for traders: Brokerage Accounts and Subscription Accounts.
Brokerage Accounts:
Margin Accounts: Allow traders to buy stocks, purchase calls and puts, and trade option spreads. Traders must adhere to day trading rules.
Cash Accounts: Enable traders to buy stocks and purchase calls and puts, but do not support option spreads and have no day trade restrictions.
Subscription Accounts: Ideal for those not ready to open a new brokerage account, this account type is centered around paper trading, allowing users to practice options trading risk-free using a trade simulator. A 10-day free trial is available, followed by a subscription fee of $19 per month.
Options AI Broker Account Opening Process
Opening an account with Options AI involves a straightforward process:
Visit the Options AI Website: Go to the official website Options AI.
Navigate to the Sign-Up Page: Look for the “Get Started” button in the navigation menu.
Choose an Account Type: Select between margin or cash for brokerage accounts, or subscription for paper trading.
Enter Your Email Address: Provide your email on the platform.
Provide Required Personal Information: This includes your full name, date of birth, and residential address.
Agree to Terms and Conditions: Review and accept the account agreement.
Complete Additional Verification Steps: This may involve identity verification or providing financial information.
Fund and Verify Your Account: Once your account is funded and verified, you can start trading stocks and options on the Options AI platform.
Options AI Account info similar to that of a broker