SoOum Corp. (fka SOUM)

[Alexw592]

What do you mean even penny stocks? I'm not sure I understand your question lol you cannot purchase a penny stock with marginable funds if that is what your asking...having a marginable account will allow you to complete 3 day trades within a 5day period tho. Whereas if you have a cash account you have to wait for the funds to settle before using them. In this case let's say you have a margin account when you sell a stock you can turn around and instantly have those funds to buy back into the stock you just sold or another stock you may want to buy. Now stocks trading above the OTC you can use your available margin cash purchasing power which is usually 50% more than your available cash purchasing power...ex if you have 4,000$ cash available to purchase you could buy 6,000$ worth of a Nasdaq or NYSE for example. But it gets tricky depending the stock you buy...some are 25% or 75% marginable meaning you can borrow more or less money from your broker. As far as any OTC stock you cannot buy on margins. Having the upgraded account allows you to say trade if you wanted to do so