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Fallingknife75

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Fallingknife75

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Re: Play4keeps2 post# 102262

Friday, 03/27/2020 9:56:26 AM

Friday, March 27, 2020 9:56:26 AM

Post# of 121376
Everyone has their own reasons to use various brokerages. All that matters is you get what you want from them; charting, trading platform, execution times etc. I don't know why a margin account would allow anything different than a cash account would, other than use of the margin, but each brokerage has their own thing.

Personally, I will never have a margin account and I advise others against it. The reasons are summed up pretty well in the following link from FINRA.

https://www.finra.org/investors/alerts/investing-borrowed-funds-no-margin-error

The use of a margin account can be beneficial for the right people. However, most people I speak with have no idea of the potential downsides, and are surprised when I explain it to them.

I hope this information proves useful,

All the best,

Knife
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