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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 Traders: Non-Day Traders may execute up to three day trades in a five-trading-day period. If exceeded, the Non-Day Trader will be reclassified as a Pattern Day Trader, and all of their margin accounts will become subject to Pattern Day Trader rules. See the “Pattern Day Traders” section below for more details. The sum or total number of all margin day trades that have been executed in the previous 4 trading days can be viewed in the platform’s “Balances” section.
   Additionally, each individual margin account that is held by a Non-Day Trader is limited to three opening transactions per day, less the number of day trades in that account made in the preceding four trading days. For example, if you have made two day trades in one of your margin accounts in the preceding four trading days, you will be permitted to place one new opening transaction in that account (buy or sell short) on the current day. You will still be able to place as many closing transactions (sell, buy to cover) as you would like on the current day. In some cases, this limitation may not stop the Non-Day Trader from being reclassified as a Pattern Day Trader.
   You may qualify to have this opening transaction limitation removed across all your margin accounts. Please talk with the Equities Trade Desk for details.
   Pattern Day Traders: Based on FINRA day trading rules, any client that places four day trades in a five-trading-day period is deemed to be a “pattern day trader”. Each of a Pattern Day Trader’s margin accounts must maintain a daily equity balance above U.S. $25,000 to have the ability to place opening transactions. If an account’s equity balance falls below $25,000.01, trading is restricted to closing transactions only until that account’s equity balance is increased to above of $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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