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Re: Fallingknife75 post# 102266

Friday, 03/27/2020 10:38:02 AM

Friday, March 27, 2020 10:38:02 AM

Post# of 121392
Knife, I am not sure how these things work exactly. Fidelity told me that if you fund your account to cover a margin purchase then they will not ever do a margin call on you.

However, I also have a Interactive Brokers account that works differently. They require a cash position based on a formula even if you funded your account. If your account value should ever go down, they do a margin call if you originally purchased on margin.

I love working with Fidelity. No trading fees, no transfer fees, their Fidelity Active Trader platform suits my needs (I have no idea how to use all its features). I have almost everything with them. Credit card, checking, HSA. Greta customer service.

IB on the other hand, has terrible customer service depending on who you talk to. In my opinion, you definitely have to be a more experienced trader to use their services/platform.
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