3X ETFs on margin?

Discussion in 'ETFs' started by bat1, Sep 17, 2011.

  1. bat1

    bat1

    Can you trade 3x ETFs on margin

    with a Scottrade daytrader account?


    Thanks in advance..

    Ed
     
  2. rmorse

    rmorse ET Sponsor

    You can at Penson and ML Pro with a portfolio margin account.

    Bob
    Rmorse@victorsecurities.com
    646-545-3860
     
  3. There are now limits in,place

     
  4. kivd

    kivd

    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
     

  5. 1. Yes.

    2. Don't stay at the party too "long"