A competitive margin account

Important Notes

1. Margin interest rates vary per the base rate and the size of the debit balance. The base rate may be adjusted at TradeStation’s discretion concerning commercially recognized interest rates, current market trends, liquidity in the marketplace, and other industry conditions, and is subject to change without prior notice.
2. Margin balances between $500k-$1,999,999 will default to an effective rate of 7.00% and margin balances greater than $2,000,000 will default to an effective rate of 5.00%.
3. Day Trading requires that certain levels of equity be deposited and maintained in day-trading accounts and that these levels be sufficient to support the risks associated with day-trading activities. Learn more here: https://www.finra.org/investors/learn-to-invest/advanced-investing/day-trading-margin-requirements-know-rules.
   Non-Day Trading Margin Accounts: Non-day trading accounts are restricted to three opening transactions per day, less the number of day trades made in the preceding four trading days. For example, if you have made two day trades in the preceding four trading days, you will be permitted to place one new opening transaction (buy or sell short) on the current day. You will still be able to place as many closing transaction (sell, cover) as you would like on the current day.
   Pattern Day Trading Margin Accounts: Based on FINRA day trading rules, any account that places four day trades in five-trading-day is deemed to be a “pattern day trading” account. Pattern Day Trading accounts must maintain a minimum daily equity balance of U.S. $25,000. If the account balance falls below $25,000, trading is restricted to closing transactions only until the account balance is increased to $25,000.

Margin requirements are structured for a diversified portfolio. Accounts that are using margin for holding concentrated positions may be asked to make immediate changes.

Special Margin Requirements: Due to low liquidity, volatility, or other conditions, some stocks and ETFs may have a special margin requirement. You can view a list of these symbols here: https://clientcenter.tradestation.com/support/myaccount/specialMargin/specialmargin.aspx.

A minimum of $2,000 is required to open and maintain a position on margin, and a minimum of $2,000 is required to open and maintain a short stock position.

Please contact us for information about TradeStation Securities margin requirements and concentration parameters.

Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. Review the Margin Disclosure Statement. The FINRA Margin Disclosure Statement outlines many of those risks, including:

• You can lose more funds than you deposit in your margin account.
• Your brokerage firm can force the sale of securities in your account.
• Your brokerage firm can sell your securities without contacting you.
• You are not entitled to an extension of time on a margin call.

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