What is annual margin rate?

C

cashclay

I’m getting so confused
I have a margin account and I wanted to maybe someday use it. However I’m using webull and came across this table. Does annual margin rate mean they will charge me for using leverage ? Sorry and any help would be of great help. I have included the picture below. Thank you
 

Attachments

  • 6F1443C0-C972-48BE-AAC5-615BF28C8782.png
    6F1443C0-C972-48BE-AAC5-615BF28C8782.png
    501.6 KB · Views: 14
cashclay said:
I’m getting so confused
I have a margin account and I wanted to maybe someday use it. However I’m using webull and came across this table. Does annual margin rate mean they will charge me for using leverage ? Sorry and any help would be of great help. I have included the picture below. Thank you
More...
It's basically the same thing as APR that credit card companies use to charge interest.

upload_2022-9-25_13-52-24.png


https://www.webull.com/help/faq/257-What-is-the-interest-on-margin-trading-and-short-selling
 
cashclay said:
Does that mean they’ll charge this to me every time I use leverage during intraday trading?
More...
No, read #1 in the pic, which states:

1) Margin interest is only charged for leveraged positions held overnight.

If you close out your position before the market closes, they will not charge your interest.
 
You must log in or register to reply here.
Back
Top