Overnight Interest Fees
|Interest Rate||Position Value|
|7.5% APR||$0 - $100K|
|6.5% APR||$100,000.01 to $1M|
|5.0% APR||$1,000,000.01 to $3M|
|4.5% APR||$3,000,000.01 and above|
Margin Fees and Requirements
|A 16% maintenance requirement for stocks that are priced at more than $4 per share – When trading stocks over $4, equity needs to be at least 16% of the trade value. e.g. If you buy 100 shares of XYZ @ $10 you will need at least $160 to enter this position|
|A maintenance requirement of $2 per share applies to marginable stock valued from $2 to $4 per share. – For any stock priced between $2 – $4, $2 of equity is needed per share. e.g. If you buy 100 shares of XYZ @ $3 you will need at least $200 or that amount will be needed to enter this position|
|A maintenance requirement of 100% is needed for all long stocks trading at $2 and below. – No margin is offered on stocks priced below $2. These will have to be bought on cash.|
|A 16% maintenance requirement is needed for all short stocks trading above $5.01 per share.|
|A maintenance requirement of 100% is needed for all short stocks trading from $2.50 to $5 per share. – No margin is offered to short stocks priced below $5. These will have to be bought on cash.|
|A maintenance requirement of $2.50 per share is needed for all short stocks trading below $2.50 per share.|
* Accounts that fail to meet the above requirements will be liquidated in its entirety and incur a $25 margin call fee.
* Accounts with equity below $500 will lose margin capabilities and be converted to cash accounts.