Account Application denied but...
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By deepandcomplex · PostedHi all. I have a chunk of cash sitting around and don't really want to allocate it to equities or anything too risky so I was hoping to pick up some regular coupons from something like non-junk bond. I've tried to find bonds on my ISA or Share Dealing account but they don't really seem to exist. I can't find bonds nor ETFs of bonds... Also can someone help me to understand - like I don't want to bet on the value of bonds or rates going up. I only care about dumping cash in bonds and receiving regular coupons. I understand that the prices of bonds go up and down and therefore you may make a gain/loss on your principal if you sell before maturity, but I kinda want a low-risk bond and want to hold it to maturity. Or at least something that has that kind of risk-reward profile.
I tried applying for a CFD Live account and got this:
I do have the means to deposit at least the minimum amount of $5000 as I am currently employed and I do have other savings and investments to cover it. I'm confused about the income if it is monthly or yearly rate. I also enrolled in a course that teaches me how to trade CFDs though this course does not have a certification so I'm not sure if it is included in the formal CFD courses. I also sent an email to email@example.com and have not heard from them yet. I did pass the knowledge questionnaires however this was after submitting my application, I didn't know where I can find the questionnaires beforehand.
Is it possible for me to review my application? Or what will be needed from me to prove that I am capable of handling a Live account? Or how long will it take for me to re-apply again for a Live account?
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