I've updated the list of broker margin rates. A notable surprise was the substantial increase in TradeMonster's margin borrowing rates. I'm not sure exactly what their strategy is here (besides making more money that is), but such a significant change in the margin rate can't be good for Portfolio Margin investors. 
CommentsNick 02/15/2013 4:03am
TradeMonster clears through Apex (formerly Penson). Penson has had a lot of problems lately (see: http://www.tradersmagazine.com/issues/25_339/penson-assets-apex-110131-1.html ) so I bet the margin rate increase is driven by Apex. TradeMonster also increased their application requirement to 300K for Portfolio Margin, per Apex's request. 04/30/2013 12:25am
I must say the blog post is just useful for everyone else reading it because the information and knowledge it contains is very important. Leave a Reply | AuthorJason Apolee is a contributing editor to The Margin Investor where he focuses on news commentary and evaluating broker offerings. ArchivesFebruary 2013 CategoriesAll |
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