Just wondering, for those of you who use a margin loan, who are you with? how much brokerage you pay on trades? and also what interest rate you are paying or that your broker offers (variable). Currently I'm with etrade, as its what i signed up with at 18 (copied my dad obv haha), 23 now though, so perhaps time to move on. im sure its got to be one of the most expensive though, so who are you all with? and any extra thoughts you might have?
Trades per month up to $5,000 $5,001 - $10,000 $10,001 - $28,000 over $28,000 1st $19.95 $24.95 $29.95 0.11% 2nd & subsequent $19.95 up to $18,000 then 0.11%
Also, I know that brokers offer discounts on the IR for more trades/month etc, but this wont be relevant to me, since ill most likely be trading very rarely and holding for long term.