Margin Requirements
For a general guidance on our margin requirements for margin approved securities, please see the table below.
Type of Security | Initial Requirement | Maintenance Requirement | Day Trade Requirement |
---|---|---|---|
Priced above $5 | 50% * M.V. | 25% * M.V. | 25% * M.V. |
Priced b/w $3 & $4.99 | 50% * M.V. | 50% * M.V. | 25% * M.V. |
Priced below $2.99 | 100% * M.V. | 100% * M.V. | 25% * M.V. |
2x Leveraged ETFs | 50% * M.V. | 50% * M.V. | 50% * M.V. |
3x Leveraged ETFs | 75% * M.V. | 75% * M.V. | 75% * M.V. |
For Short Stocks:
Type of Security | Initial Requirement | Maintenance Requirement | Day Trade Requirement |
---|---|---|---|
Priced above $16.625 | 30% * M.V. | 30% * M.V. | 25% * M.V. |
Priced b/w $5 & $16.625 | $5 per share | $5 per share | 25% * M.V. |
Priced b/w $2.51 & $4.99 | 100% * M.V. | 100% * M.V. | 25% * M.V. |
Priced below $2.50 | $2.50 per share | $2.50 per share | 25% * M.V. |
2x Leveraged ETFs | 60% * M.V. | 60% * M.V. | 50% * M.V. |
3x Leveraged ETFs | 90% * M.V. | 90% * M.V. | 75% * M.V. |
Please note that at any time the initial and maintenance requirements on any security or exact security can change without prior notice and can go into effect immediately. Furthermore, accounts whose account equity falls below the required maintenance requirement can be liquidated without prior notice. To prevent forced liquidations, we advise clients to keep a buffer above the minimum equity requirement.
For short positions, the margin requirements will vary depending on the type of security. Margin requirements for specific stocks can change without prior notice.