Did you know your long positions could be earning you extra income through our Fully Paid Stock Program?
When we lend out certain fully paid or excess margin securities in your account, you’ll receive 50% of the interest we earn each day – with no trading restrictions on the shares lent out. You can add to your positions, sell them or leave the program at any time.
We may lend out eligible securities regardless of whether your equities account is cash or margin, generating easy, extra income for you.
You only need five years of trading experience OR a total net worth of at least $75,000 to be eligible to participate in the program.
The interest you earn is accrued daily in your account and posted in your monthly account statement.
You maintain complete control and have the ability to sell securities on loan at any time, or to just opt out of the program altogether.
The Fully Paid Lending Program is available to all TradeStation clients who meet the following criteria:
Have questions about your eligibility? Contact Client Services at 800.822.0512 or 954.652.7900. Need to update your eligibility criteria? Complete and submit the Client Information Update form.
There are no trading restrictions on securities that are lent out. You can sell or transfer your positions at any time, just as you would if they weren’t on loan. As required, shares will be recalled and deposited back into your account.
Shares lent out are not protected by SIPC.
There are potential tax consequences:
When securities are on loan you lose your ability to exercise voting rights.