Foreclosure - FCL. Share. What is 'Foreclosure - FCL'. A situation in which a homeowner is unable to make full principal and interest payments on his/her mortgage, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract.
Vanguard structures its options trading with a base fee that is charged in conjunction with a fee per options contract. The base trade fee is $20.00, which is very high compared to other online brokers, and the fee charged per contract is $1.00.
Discount brokerages require a minimum age of 18. However, you can create a sub-account under your dads name (as long as he signs some sort of consent form) and these sub-accounts don't have a minimum age requirement.