what broker has the lowest margin?

Discussion in 'Retail Brokers' started by met1989, Jun 1, 2020.

  1. met1989

    met1989

    is there a broker who has a lower margin for buying stocks then 50% or its a Regulated that you can't buy more then 50%?
     
  2. SanMiguel

    SanMiguel

    Depends on the stock.
    IB is mostly 30%
     
  3. Tradex

    Tradex

    This could help:
    https://investorjunkie.com/stock-brokers/best-margin-rates/
    (For informational purposes only, I am not affiliated with this website.)
     
  4. zdreg

    zdreg

    you should not give advice on subjects where a LITTLE knowledge is harmful advice. your advice is absolutely wrong. If someone else would like to give a correct response they can be the good guy.
     
  5. SanMiguel

    SanMiguel

    I should have added depends on the country as well. The country I trade in It's mostly 30%
     
  6. Tradex

    Tradex

    Are you sure you replied to the right thread? Your reply to SanMiguel is quite puzzling, to say the least.
     
  7. Tradex

    Tradex

    Yes, in Canada (your country) the trader can borrow up to 70% of the stock's price, although not all securities qualify for margin trades..
     
  8. ZBZB

    ZBZB

    If you have $100,000 in assets or cash in any currency at IB then you can apply for a portfolio margin account which gives you over 6 times buying power or 15% margin rate.
     
  9. Tradex

    Tradex

    With the same $100K trading capital TD Ameritrade offers 9% margin rate.
     
  10. zdreg

    zdreg

    #10     Jun 1, 2020