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Author Topic: Margin Requirments on Penny
CTMum
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HI guys,

Just tried to get my buy order in before I have to run. My Ameritrade snap ticket said that the security had 100% Margin Requirement. I am not a margin trader, I don't have enough in my account to trade on margin, so I only use cash-settled funds. I have never come across this with any stock. Does it mean I have to trade on margin with this one.
Thanks,
Posts: 176 | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
Bob Frey
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No. Means you must use cash to trade it.
Posts: 3418 | From: Cleveland, Ohio | Registered: Jan 2000  |  IP: Logged | Report this post to a Moderator
   

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