Discussion in 'ETFs' started by bat1, Sep 17, 2011.
Can you trade 3x ETFs on margin
with a Scottrade daytrader account?
Thanks in advance..
You can at Penson and ML Pro with a portfolio margin account.
There are now limits in,place
With my broker I can't get my full margin with 3x ETF but I can get 2/3 of it. Which is twice my cash balance instead of 3x my cash balance. B careful, it takes ONE bad loss and your account is finished. Remember the US Downgrade? %7 down in one day x 3 = 21% then with margin x3 63%...... only one day
2. Don't stay at the party too "long"
Separate names with a comma.