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Pro account and Margin

Pro account and Margin

rexarus9

I recommend you weigh the 1/2 cent per share commission on Pro against the lower margin rate on Pro for your trading volume and margin load. And do the math. Then you will know Lite vs Pro, which is more cost effective. i.e. zero commissions vs slightly higher interest rate on margin balance. The devil is in the details of exactly how many shares you trade and your use of margin.


CarlosAce

Thank you for the reply. After doing some more research, I upgraded to Pro and selected the tier option for pricing. Since I am purchasing VT only on a biweekly schedule, my cost will be $0.35 biweekly. A reduction of 1% for margin makes the Pro account more cost-effective.