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Schwab gave me a runaround for almost two weeks, but finally called me back yesterday and agreed to lower the margin rate from 4% to 1.7% for 12 months period. It's nothing to brag about when comparing to IBKR's 0.75% but I am fairly happy with it. I don't think I will react very well to...

I see. Yeah I am planning to talk to my Schwab guy too. It'll be worthwhile for me to stay with Schwab if he can lower my margin rate from 4% to 2%. That extra 1.25% over IBKR, will be well justified w/ the benefit of 3 days maintenance call settlement.

It was mostly TSLA, I have been long since 2017. W/ margin added, I bought more TSLA to max purchasing power when price was lower from failing to join S&P 500. Were you able to call Schwab btw and negotiate margin rate?

I started Schwab account back in September with 400k balance and they gave me a promotional 4% margin rate for a year. Now my account holds > 1M, I want to negotiate for lower margin rate otherwise i may take my business to IBKR. I am however concerned with IBKR's auto liquidation policy where...