|If your account is $2,500 or more, commissions will be charged at a rate of $2.50 per trade on Score Priority Plus and will be commission-free on Score Priority Trading Platform. If your account drops to between $2,000-$2,499, commissions will be charged at a rate of $4.00 per trade on Score Priority Trading Platform and commission-free on Score Priority Trading Platform. If your account drops below $2,000, you will be unable to open new positions.
Please refer to the commission structure below:
$2,500 or more $2.50 per trade (Score Priority Plus); $0.00 (Score Priority Trading Platform)
$2,000 - $2,499 $4.00 per trade (Score Priority Plus); $0.00 (Score Priority Trading Platform)
Under $2,000 Trading capabilities ceases until equity is raised.
|The commission to trade ETFs online is commission-free on Score Priority Trading Platform and $2.50 on Score Priority Plus.|
|A Sell out/Buy-in fee is charged if you fail to meet a margin call that is past due in your account and Score Priority is forced to liquidate securities in your account to meet this past-due call. The fee is $25.|
|To apply for margin, please sign and submit the entire Margin Agreement via document upload or scan and email it to firstname.lastname@example.org. Pending approval, the agreement will be processed if your margin equity is above $2,500 and once your trades have settled. To remove margin, simply email email@example.com and state that you would like to have margins removed from your account. Alternatively, send a signed and dated letter requesting for us to remove margins from your account: this letter can be faxed to 646-381-3624.|
|To short a security, you must have a margin account. To apply for margin, please sign and submit the entire Margin Agreement via document upload or scan and email it to firstname.lastname@example.org. Short sale orders may be entered through the platform, by clicking the “Sell Short” button on the order ticket. If the order is rejected, it is not on the easy-to-borrow list and must be requested via phone or chat. Please call 855-274-4934 and Score Priority will attempt to locate a hard to borrow security for you to short. Please note that short positions may be subject to hard-to-borrow or stock loan fees.|
The margin interest rate is charged monthly but calculated on a daily basis for a 360-day year; the daily cost is based on your debit at the end of each day. You can calculate the daily cost by multiplying the amount you have borrowed by the Current Interest Rate divided by 360. Daily Cost = (Amount Borrowed) x (Current Interest Rate/360). Please click on the Margin Interest Rate to find your Current Interest Rate.
All accounts at Just2trade, including margin accounts, must maintain a total account equity of $2,500, which includes cash and/or positions. House calls will be issued to margin account holders who fall below $2,000 total equity. Some accounts require higher minimums and are listed below. Day trading accounts must maintain a minimum $25,000 equity, which includes cash and positions.
|If a short sale is rejected due to being hard-to-borrow, please reach Trade Desk via Live Chat from client portal (MY ACCOUNT) or Trading Platforms or by phone at 855-274-4934. Score Priority will attempt to locate a hard to borrow security for you.|
|A Sell out/Buy-in fee is charged if you fail to meet a margin call and it becomes past due. The fee is assessed if Score Priority is forced to liquidate securities in your account to meet a past-due call. Please refer to Fee schedule page for related charges.|
Please view the margin requirements for short stocks on the Margin Requirements page.
Please note that trading on margin involves increased risk and could result in losses that exceed initial and/or subsequent investments. Since you are allowed to borrow funds above the amount deposited, trading on margin can result in losses greater than the initial principal invested. The decision to trade on margin must be considered carefully by each investor. Please examine the following Margin Agreement. Please also read additional information, including FINRA's Margin Information and FINRA's Investor Alert regarding margin.
|Margin interest is charged to your account every month based off of a yearly rate. The rates can be found here. You may view the interest charged to your account in the client Cabinet either under Transactions History or you can view your statements under Reports|