I cannot seem to find a determined explanation of whether there's any interest involved in margin trading. I.e. when you trade with margin you're effectively borrowing money. Question - do you pay interest on it? What is the interest for Thinkowswim?
I found this: http://ift.tt/1aTJL0z
Assuming I'm trading with 10K, my interest rate is 9.25%. I bought a stock on maximum margin couple weeks ago, sold today, and it's fairly obvious that 9.25% of 20K (margin) was not deducted. So... Is the interest annualized, charged per day? Is it charged "per use"? Am I gonna get a surprised withdrawal at the end of the year? How does this work?
Submitted September 15, 2017 at 04:15PM by cwwmbm http://ift.tt/2jwvHUD
