The margin requirement is the minimum amount of maintenance excess you need to have in your account in order to enter a position. Its commonly expressed as a percent of the current market value. Certain securities may have a margin requirement higher than listed below based on an assessment of the stock by questrade.
Every security (stock, etf or otherwise) has its own unique margin requirement. The margin requirement is the amount of equity youre required to have to borrow the remaining on margin. For example, if a stock has a margin requirement of 30, to purchase 1000 worth of the stock, you would only require 300 to make the purchase.
As uwest-requirement mentioned, it might have something to do with how you transferred the holdings of your margin account. If you had requested a transfer that drew your account down to a zero balance, it would normally be closed. The minimum balance to keep an account open is 250 in equity.
Do i need a minimum to open an account? No minimum is required to open an account. In order to begin investing, you need a minimum of 1,000 in your account.
Here are some key things to know about margin calls each security has its own margin requirement. For example, if stock abc has a margin requirement of 30, it means questrade will lend 70 and the customer will pay with cash 30.
Your cash balance remains unchanged at -10,000, but now your equity is 3,500. Therefore, your maintenance excess is now -550, and you are in a margin call, and need to deposit funds, or sell shares to bring this value up to a positive amount.
Comaccountfund so you can fund an account with 1000, then withdraw up to 750 and your account will not be closed.
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Cryptocurrency is decentralized by nature, and few coins are currently regulated by any overseeing authority.It’s a unique idea, and a promising project in the ethereum landscape. Because it helps bridge the gap between cryptocurrencies and traditional assets, it creates a level of familiarity and value that are often missing in other cryptocurrency assets. This familiarity and value ultimately position SNX price to rise in 2021.A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our facebook linkedin twitter email copy link Jamie Dimon has been a vocal critic of bitcoin since its earliest days, but his most recent comments have ignited a conversation about digital currencies on Wall Street. Two of the bankers' main arguments against the cryptocurrency are that it is in a bubble, and it will ultimately be "crushed" by governments. We spoke with experts in the cryptocurrency space to examine those two critiques. They said bitcoin's underpinning blockchain technology can't be easily jeopardized by governments and future use-cases justify its current value. JPMorgan CEO Jamie Dimon sparked a conversation about bitcoin among top Wall Streeters. Since he called the digital currency "a fraud" in September, a slew of top Wall Streeters from BlackRock's Larry Fink to Morgan Stanley's James Gorman, have weighed in on bitcoin, which is up more than 400% year-to-date. Dimon said during JPMorgan's earnings call Thursday he would stop talking about bitcoin. His vow of silence, however, ended prematurely. The very next day Dimon bashed bitcoin at a conference in Washington, D.C. He concluded his remarks by saying he was done talking about bitcoin. Whether Dimon can keep his word remains to be seen, but what is certain is that his critiques of bitcoin and cryptocurrencies will continue to drive conversation in both crypto- and Wall Street-circles. Scores of Wall Streeters have said bitcoin and the cryptocurrency market is in a bubble. Wall Street is full of folks who think the over $160 billion cryptocurrency market is in a bubble. Dimon said it is "worse than the tulip bulbs," allu Continue reading >>