Margin
To place an opening transaction in your margin account, you must have a minimum percentage of equity in your account to trade, presently set at 10% but subject to change at any time. When an opening transaction is placed in a margin account where the margin equity percent is too low, the trade will be rejected. You will see the following error message:
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This message alerts you to the reason your trade was rejected and indicates the current margin equity percent of your account.
Your balances page will also reflect your current buying power.
When your account has sufficient margin equity to complete your desired transaction, you will no longer receive the "Insufficient Margin Equity" error message on your trade.
Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Scottrade's margin agreement, available at scottrade.com or through a Scottrade branch office, contains the Margin Disclosure Statement and information on our lending policies, interest charges and the risks associated with margin accounts.
| ScottradeELITE: Margin Account Balances in ELITE |
| One Cancels Other Order (OCO): One Cancels Other Order (OCO) |
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