RE:RE:RE:RE:$1.870.22 | 13.33%....sweet I've had similar issues with Itrade and I recently went ballistic on them, sent a ton of complaints through many channels and got several managers contacting me... I kinda feel it fell on deaf ears and I told them several times when they ask how I feel that I will not recommend itrade or Scotiabank to anyone ever.
Anyway, to the main issues at hand...
Go to this website, bookmark it and download the "list of securities eligible for reduced margin"... it gives you a 20 page PDF of all companies that ur suppose to get margin on, ones that are being deleted and added also at the end is the basic standards of qualifications...
I own DIV which was added to the list and I calculated I should have gotten about $4500 of margin space on my account... if a stock that's over $2 isn't on the list it says it could be not listed long enough or not have float or volume moving in the time frame...
CJ qualified before and will again but I think it will take 3-6 months after it hits the $2 price and maintains it...
But yea I just don't understand why something I own that was added to the list didn't give that allowance... maybe Scotia is late to apply as usually they are a day or 2 behind on dividends appearing and applying new interest rates or maybe it's cause I purchased it when it wasn't qualified... if anyone reading understands please enlighten...