Margin Borrowing

When you qualify, we offer margin borrowing, enabling you to purchase additional eligible securities (including fractional shares of securities in a folio) without depositing additional funds, based on the securities you already have in your eligible account. By borrowing against your securities rather than selling them, you can keep your investment strategy intact and delay capital gains (or losses) resulting from the sale of investments (consult your tax advisor for more details).

Current Margin Interest Rate

As Of September 4, 2019
Margin Tier Rate
Less than $25,000 7.50%
$25,000.01–$50,000 7.00%
$50,000.01–$250,000 6.00%
$250,000.01–$500,000 5.75%
$500,000.01–$1 million 5.50%
Over $1 million 5.25%

The margin interest rates listed on this page were current when published, but are subject to change at any time without notice.

Key Features

  • Individual, Joint, Trust, and Business accounts are eligible for margin borrowing.
    • Note that only one individual account and one joint account may be margin enabled. Refer to the FAQs for details.
  • Publicly traded stocks and ETFs held by us in client brokerage accounts are generally considered eligible securities for margin borrowing.
  • For an account to be eligible for margin borrowing, it must have a value of at least $2,000, either in cash and/or in eligible securities.
  • We may lend you up to 50% of the purchase price of eligible securities.
  • There is no set repayment schedule and as long as you maintain the required equity in your account you will not have to make any payments.

Learn more about Margin Borrowing

Risks of Margin Borrowing

  • The main risk of margin borrowing is related to decreases in the market value of the securities in your account. If the value of your securities falls significantly, then you will need to add funds or sell securities in your account. Even if you do so, we may still sell assets in your account without notifying you first.
  • We encourage you to read our FAQs and the full FINRA margin disclosure statement, for more information.