Reasons to Open Margin Accounts:
- To increase your ability to expand your portfolio.
Marginable securities include shares in companies listed on the U.S. stock exchanges and on the over-the-counter National Market System. (Only marginable stocks selling at a price of 4 or higher can be bought on margin.) The minimum equity required in a margin account is $2,000.
- To enable you to deposit marginable securities you own and to borrow (up to 50%) on their value.
If you want to have a margin account, request a Client Agreement for Margin/Loan Accounts via e-mail or print out the Client Agreement and fill out, sign and mail it in to us. (We must have the document signed in the original for our files. Copies returned by fax are not acceptable.)
Depending on the size of your debit balance (the amount you are borrowing on the securities in your margin account) your account will be charged interest at the rates indicated (subject to change due to market interest rate fluctuation):
| Debit balance | Interest rate charged |
| Under $20,000 | Prime + 1.50% |
| $20,000 to $49,999 | Prime + 1.00% |
| $50,000 to $999,999 | Prime + 0.75% |
| $1,000,000 and over | Prime + 0.50% |
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