In order to trade options, we require investors to submit an Option Application & Agreement. You can also apply online or on the mobile app:
Mobile App
Tap the Account icon in the bottom right corner.
Tap on Account Profile.
Under Options Trading, tap the Upgrade button.
Complete and submit the application.
Web
Login into your Firstrade account.
Go to Accounts → Profile.
Click on the tab Account Status.
Next to Equity Option Trading, click the Apply button.
Complete and submit the application.
Disclosures
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Firstrade does not guarantee favorable investment outcomes, and there is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. To learn more about the risks associated with options, please read the Characteristics and Risks of Standardized Options before you begin trading options.