Covered Short cash not in Account.

G

GotherL

Covered 70 shares of ABIO at 4:10 am from around 16.50 to 14.61 on Friday from an overnight short and neither the equity or profit I made from it reflected back to my account. I only paid $37 overnight fees so I know I didn't lose it from that. I should be having at least $500+ more in my account.

I am using tradezero.
 
Last edited:
GotherL said:
Covered 70 shares of ABIO at 4:10 am from around 16.50 to 14.61 on Friday from an overnight short and neither the equity or profit I made from it reflected back to my account. I only paid $37 overnight fees so I know I didn't lose it from that. I should be having at least $500+ more in my account.

I am using tradezero.
More...
Have you taken this into account: "Overnight Borrow: 5x market rate cost for 1st night"?
https://www.tradezero.co/pricing
 
This is just copy and paste.
entry and exit
SS ABIO 70 $16.40 18:28:30 $0.99 $0.07 $1,148.00 $1,146.94
5/29/2020 BC ABIO 70 $14.61 04:02:00 $0.99 $0.03 -$1,022.70 -$1,023.72

overnight cost.
5/28/2020 $0.00 $35.15 Locate & Borrow Charge Borrow Charge - 100 ABIO at 0.0703 - 1st Night - 5X

When I covered at 4am on Monday my cash buying power did not come back which is normal. . I am worried if they just made an error and overlooked it. I asked support and they told me the funds will come back the next day at 7am. It's now 12:58pm. (I am left unable to trade properly as my account fell below their margin minimum and it's kinda pissing me off.)
 
Last edited:
"TradeZero is registered with the Securities Commission of the Bahamas. View TradeZero's brokerage license. Disclaimer: Please be advised that TradeZero DOES NOT accept accounts from the United States, Bahamian Citizens or persons domiciled in those jurisdictions."

So they will not cater to U.S. citizens, or even their OWN citizens. Man, that's messed up. God save the Queen (said Maggie one day).
 
You must log in or register to reply here.
Back
Top