hedron Jun 6, 2014 #1 What's a general minimum for financial requirements, such as net worth/yearly salary/etc, when applying for a margin account? In respect to trading stocks. I know that it probably varies from broker to broker, but I just want a general idea. Thanks.
What's a general minimum for financial requirements, such as net worth/yearly salary/etc, when applying for a margin account? In respect to trading stocks. I know that it probably varies from broker to broker, but I just want a general idea. Thanks.
C cstfx Jun 6, 2014 #3 over 25k (some firms more, but this is generally the number I have seen) or application gets flagged As a test, fill out a few different applications/brokers and experiment with listed incomes - less than 25k sets off certain warnings
over 25k (some firms more, but this is generally the number I have seen) or application gets flagged As a test, fill out a few different applications/brokers and experiment with listed incomes - less than 25k sets off certain warnings
