For a Reg T Margin, an account must have at least $2,000 or USD equivalent of securities equity with loan value to open a new position. Reg T Margin allows a leverage up to a 2:1 ratio for overnight holdings and a 4:1 ratio for day trading purposes. Note: In a Reg T Margin account, SMA must be positive 10 minutes prior to the market closing in order to be within the 2:1 ratio for overnight or the account is subject to liquidation.

Log in to Account Management and select Manage Account > Settings > Configure Account > Account Type. On the Account Type page, make your selection and complete the following prompts to confirm the selection. Review and approval typically takes 24-48 business hours to complete. Once completed, you will receive a confirmation email. If you do not intend to maintain at least USD 100,000 in your account, you should not apply for a Portfolio Margin account. Note: You may switch between Portfolio and Reg T Margin. However, once margin is requested, you may not downgrade to a Cash account. Visit our How-To page for instructions.

After 30 days, yes. The maintenance margin on mutual funds is 25%.

Zacks Trade uses the following maintenance margins on short securities:
30% * Stock Value if Stock Value > $16.67
$5.00 if Stock Value < $16.67 and > $5.00
100% * Stock Value if Stock Value < $5.00
$2.50 if Stock Value <= $2.50.
Please note that some stock may be subject to higher requirements.

Two of the more common scenarios in which you can be liquidated are the following: First, if your Excess Liquidity value becomes negative. Secondly, if your SMA value is negative 10 minutes prior to the market closing. You can review a liquidation trade in your statement. The liquidation trade will appear with an “L” under the code column.

The initial maintenance margin on stocks is 25%. Some stocks may be subject to higher maintenance requirements.

For a listing of our margin interest rates, please visit our Margin and Interest Rates page.