Anyone has a tradestation account, can you please share with me the list? I'd like to find out marginable securities list that Tradestation can offer before opening an account with them. Thanks.
Take a pass on tradestation, there are better brokers out there. Their margin interest rates are 8.9%, just like my credit card.
From their website: Your day trade marginal equities buying power figure is based on the premise that the stock you are purchasing is set to the 25% day trade requirement. Certain equities, for risk-related reasons, may be set at a higher margin requirement (50%, 75%, etc.). Any equity that carries a margin requirement higher than the 25% day trade rate can be found on the Special Margin Requirements page in the TradeStation Client Center. To determine the dollar amount of a security that can be purchased or sold short, you can use the following formula: Day Trade Buying Power (DTBP) x .25/SMR% It seems like there's a list on their website which can only be accessed by those has account with them. According to some users, they impose stricter house margin rules especially on volatile stocks. I'd like to look at the list 1st...
Why don't you check out our website and ask me any other questions directly. My email is below. We have a lot of equity day traders on our Lightspeed Trader and Stelring Trading platfroms. You would have to have an account over $25K, I recommend $30K or more, and qualify for Margin Day-trading. Bob