margin account interest basic questions

lets pretend i have 30k cash and 90k BP

1. i'm day trading, and i end up buying a 50k position and i hold overnight. i only pay interest in 20k? yes/no
   
   
2. i'm day trading going in/out/in/out multiple times in 1 day. i end up holding a position overnight worth only 20k. do i pay interest? yes/no
   
   
3. i have a margin 90k position into close, but i sell it before AH market close at ~7pm EST. do i have to pay interest on it? yes/no
   
   
4. i sold a 20k position today (so it hasn't settled), but i use that to buy a new 20k position that i decide to hold overnight. do i have to pay interest on it even though it hasn't settled? yes/no
   

 

Have you asked your broker?

 

Your making this very complicated. Any debit balance you hold over night that is higher than your capital, means you are borrowing funds. BP is not relevant for interest. $50,000 in your account, any balance over $50K , you pay interest on each day you carry that including weekends and holidays.

 

what is margin interest rate?

 

Are you asking me? If yes, are you asking for what our margin interest rates are?

 

Just curious, wonder what other brokers are charging for margin interest.

 

We list our retail margin rates on our website, but they are negotiable for institutional accounts.

 

what are your margin requirements? If I have a 200,000 account how much can I trade and hold overnight?

 

$25K or more- Reg-T: 4X1 DT or 2X overnight
$175K or more Portfolio Margin: 6.6 DT or 5.5 overnight

Email me your contact information and we can do this over the phone.