RE:RE:RE:RE:RE:RE:RE:Closing Data/High $ 1.90So HERE We ARE__Now FIRMLY Planted in the Plus $2.00 Range.
ABOUT TIME eh !!!!!!!!!!!!!
Red_Deer wrote: Most Online Brokers NEED to see $2.00 for MARGIN__here IT COMES eh !!!!!
Red_Deer wrote: bbwibone wrote: Questrade is giving me about 40% margin on my WEF shares. So to buy $1000 requires $600. When it was below $1.50 they gave me 0 margin.
This is indeed correct__thanks for the info__might be the only online brokerage doing this eh ??
Share price Requirement
Reduced margin eligible securities* 30% of the market value
Securities selling at $2.00 or more 50% of the market value
Securities selling at $1.75 to $1.99 60% of the market value
Securities selling at $1.50 to $1.74 80% of the market value
Securities selling less than $1.50
100% of the market value
BUT__boy do they ever Charge a LOT of Interest__only paying Prime Rate @ ScotiaITrade
Debit (Payable by customer for margin)
All CAD non-registered accounts
$100,000 debit balance__CAD prime+3.50%
$100,000 debit balance and above__CAD prime+2.50%