Hey Matias! No there is no volatility restrictions like on SureTrader.
But you can’t use margin on stocks below $3, just your cash account value. (but it’s same as on suretrader)
Hi,
May I ask you: if stocks under $3 aren’t marginable, that means you can’t short stocks under 3$ (since you need a margin account to short , if I am correct .)
Hey Ron!
You can short stocks below $3 but you cant use margin.
Stocks below $1 isn’t shortable.
I’m trading with the same TZ, they have updated it and seems it’s working better than before.
Forgive my absolute ignorance : if you can’t use margin it means you can only use cash. Will that imply that your funds after you liquidate a position will settle in 3 busines days?
Is that the major difference when trading $1-$3 sticks or are there other major differences?
No, funds settle the next day.
Yeah, I think thats the only thing. You cant use margin on stocks below $3 and stocks below $1 isn’t shortable.
I hope this helps!
Hi there!
thanks for all the info! its really helpful,
I have one inquire, does trade zero also apply the margin restriction due to volatility?
Hey Matias! No there is no volatility restrictions like on SureTrader.
But you can’t use margin on stocks below $3, just your cash account value. (but it’s same as on suretrader)
Hi,
May I ask you: if stocks under $3 aren’t marginable, that means you can’t short stocks under 3$ (since you need a margin account to short , if I am correct .)
What trader are you using Now?
Thanks
Ron
Hey Ron!
You can short stocks below $3 but you cant use margin.
Stocks below $1 isn’t shortable.
I’m trading with the same TZ, they have updated it and seems it’s working better than before.
Thank you Janis,
Forgive my absolute ignorance : if you can’t use margin it means you can only use cash. Will that imply that your funds after you liquidate a position will settle in 3 busines days?
Is that the major difference when trading $1-$3 sticks or are there other major differences?
Again thanks a lot.
Ron
No, funds settle the next day.
Yeah, I think thats the only thing. You cant use margin on stocks below $3 and stocks below $1 isn’t shortable.
I hope this helps!