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Margin

Introduction to Margin

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What is Margin Trading?

A margin loan is a type of secured loan that enables you to borrow against the value of the securities you already own in your Tradesk brokerage account in order to purchase additional securities, or withdraw cash.

Borrowing on margin is essentially an interest-bearing loan. When you borrow on margin, this is in essence an interest bearing loan using your existing securities within your portfolio (stocks, ETFs, etc) as collateral. This means that your brokerage or clearing firm is lending you funds with the understanding that your investments may be sold to cover the margin loan if needed, or to meet a margin call. You will only need to pay interest on the amount borrowed on margin if you use it.

 

Margin Disclosure Statement
IMPORTANT INFORMATION ABOUT MARGIN ACCOUNTS
Tradesk Securities, Inc. (“Tradesk”) is furnishing this Margin Disclosure Statement to you in accordance with FINRA Rule 2264. Please read it carefully.
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from Tradesk. If you choose to borrow funds from us, you will need to open a margin account. The securities purchased on margin are Tradesk’s collateral for the loan. If the securities in your account decline in value, so does the value of the collateral supporting your loan—and, as a result, Tradesk may take action, such as issuing a margin call or selling securities or other assets in your account, to maintain the required equity in your account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:
________________________________________
1. You Can Lose More Funds Than You Deposit in the Margin Account.
A decline in the value of securities that are purchased on margin may require you to provide additional funds to Tradesk or risk the forced sale of those securities or other assets in your account.
________________________________________
2. Tradesk Can Force the Sale of Securities or Other Assets in Your Account.
If the equity in your account falls below the maintenance margin requirements or your firm’s higher "house" requirements, Tradesk can sell the securities or other assets in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
________________________________________
3. Tradesk Can Sell Your Securities or Other Assets Without Contacting You.
While we will typically attempt to notify you of a margin call, we are not required to do so. Even if we have contacted you and provided a specific date by which to meet a margin call, we may still take immediate action to sell securities or other assets without further notice.
________________________________________
4. You Are Not Entitled to Choose Which Securities or Assets in Your Account Are Liquidated or Sold to Meet a Margin Call.
Because the securities are collateral for our loan to you, we may decide which security to sell in order to protect our interests.
________________________________________
5. Tradesk Can Increase "House" Maintenance Margin Requirements at Any Time and Is Not Required to Provide You Advance Written Notice.
These changes may take effect immediately and may result in the issuance of a margin call. Your failure to satisfy the call may cause us to liquidate or sell securities or other assets in your account.
________________________________________
6. You Are Not Entitled to an Extension of Time on a Margin Call.
While an extension may be granted under certain conditions, you do not have a right to the extension.
________________________________________
7. Interest Charges Apply to Margin Balances.
Interest will be charged on any credit extended to you for the purpose of buying or carrying securities. The rate and terms will be disclosed separately and are subject to change.
________________________________________
8. Short Selling on Margin Involves Additional Risks.
When you engage in short selling, you may be required to post additional collateral, and the potential for losses is unlimited because the price of the stock sold short could rise indefinitely.
________________________________________
9. Tradesk May Loan Securities in Your Account.
By signing the margin agreement, you authorize us to lend securities held in your account. In certain cases, you may not be entitled to receive voting rights or dividends.
________________________________________
10. Monitor Your Account.
It is your responsibility to monitor your margin account, ensure sufficient equity is maintained, and respond promptly to any margin calls or requests.
________________________________________
If you have any questions regarding this disclosure or how margin works, please contact Tradesk’s Customer Service or review our Margin Account Agreement.

 

Margin Account Introduction

Margin investing allows you to borrow money to increase your investing power, using the value of marginable securities in your account as collateral. It can be a handy way to make the most of opportunities in the market—if something catches your eye, you may be able to invest right away without waiting to transfer additional funds from your bank.

Keep in mind, access to margin investing isn’t automatic. You’ll need to apply for a margin account, as well as meet the eligibility requirements. Also, not all securities are marginable, and those that are may vary in how much can be borrowed against them.

Once you’re approved, you’ll receive access to additional buying power. This is the amount you can borrow to either purchase additional securities, or borrow to withdraw cash.

 

Margin Disclosure Statement
IMPORTANT INFORMATION ABOUT MARGIN ACCOUNTS
Tradesk Securities, Inc. (“Tradesk”) is furnishing this Margin Disclosure Statement to you in accordance with FINRA Rule 2264. Please read it carefully.
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from Tradesk. If you choose to borrow funds from us, you will need to open a margin account. The securities purchased on margin are Tradesk’s collateral for the loan. If the securities in your account decline in value, so does the value of the collateral supporting your loan—and, as a result, Tradesk may take action, such as issuing a margin call or selling securities or other assets in your account, to maintain the required equity in your account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:
________________________________________
1. You Can Lose More Funds Than You Deposit in the Margin Account.
A decline in the value of securities that are purchased on margin may require you to provide additional funds to Tradesk or risk the forced sale of those securities or other assets in your account.
________________________________________
2. Tradesk Can Force the Sale of Securities or Other Assets in Your Account.
If the equity in your account falls below the maintenance margin requirements or your firm’s higher "house" requirements, Tradesk can sell the securities or other assets in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
________________________________________
3. Tradesk Can Sell Your Securities or Other Assets Without Contacting You.
While we will typically attempt to notify you of a margin call, we are not required to do so. Even if we have contacted you and provided a specific date by which to meet a margin call, we may still take immediate action to sell securities or other assets without further notice.
________________________________________
4. You Are Not Entitled to Choose Which Securities or Assets in Your Account Are Liquidated or Sold to Meet a Margin Call.
Because the securities are collateral for our loan to you, we may decide which security to sell in order to protect our interests.
________________________________________
5. Tradesk Can Increase "House" Maintenance Margin Requirements at Any Time and Is Not Required to Provide You Advance Written Notice.
These changes may take effect immediately and may result in the issuance of a margin call. Your failure to satisfy the call may cause us to liquidate or sell securities or other assets in your account.
________________________________________
6. You Are Not Entitled to an Extension of Time on a Margin Call.
While an extension may be granted under certain conditions, you do not have a right to the extension.
________________________________________
7. Interest Charges Apply to Margin Balances.
Interest will be charged on any credit extended to you for the purpose of buying or carrying securities. The rate and terms will be disclosed separately and are subject to change.
________________________________________
8. Short Selling on Margin Involves Additional Risks.
When you engage in short selling, you may be required to post additional collateral, and the potential for losses is unlimited because the price of the stock sold short could rise indefinitely.
________________________________________
9. Tradesk May Loan Securities in Your Account.
By signing the margin agreement, you authorize us to lend securities held in your account. In certain cases, you may not be entitled to receive voting rights or dividends.
________________________________________
10. Monitor Your Account.
It is your responsibility to monitor your margin account, ensure sufficient equity is maintained, and respond promptly to any margin calls or requests.
________________________________________
If you have any questions regarding this disclosure or how margin works, please contact Tradesk’s Customer Service or review our Margin Account Agreement.

Understanding Margin Borrowing

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What is Initial Margin?

Initial margin is the portion of a security’s purchase price that you need to cover with your own cash or collateral within your margin account. Currently, the Federal Reserve Board’s Regulation T sets the minimum initial margin requirement at 50%. This is the minimum amount required within your account before you can begin trading on margin.

However, that’s just the baseline. In some cases—for example, more volatile or higher-risk securities—you may be required to put up more than 50%.

 

Margin Disclosure Statement
IMPORTANT INFORMATION ABOUT MARGIN ACCOUNTS
Tradesk Securities, Inc. (“Tradesk”) is furnishing this Margin Disclosure Statement to you in accordance with FINRA Rule 2264. Please read it carefully.
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from Tradesk. If you choose to borrow funds from us, you will need to open a margin account. The securities purchased on margin are Tradesk’s collateral for the loan. If the securities in your account decline in value, so does the value of the collateral supporting your loan—and, as a result, Tradesk may take action, such as issuing a margin call or selling securities or other assets in your account, to maintain the required equity in your account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:
________________________________________
1. You Can Lose More Funds Than You Deposit in the Margin Account.
A decline in the value of securities that are purchased on margin may require you to provide additional funds to Tradesk or risk the forced sale of those securities or other assets in your account.
________________________________________
2. Tradesk Can Force the Sale of Securities or Other Assets in Your Account.
If the equity in your account falls below the maintenance margin requirements or your firm’s higher "house" requirements, Tradesk can sell the securities or other assets in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
________________________________________
3. Tradesk Can Sell Your Securities or Other Assets Without Contacting You.
While we will typically attempt to notify you of a margin call, we are not required to do so. Even if we have contacted you and provided a specific date by which to meet a margin call, we may still take immediate action to sell securities or other assets without further notice.
________________________________________
4. You Are Not Entitled to Choose Which Securities or Assets in Your Account Are Liquidated or Sold to Meet a Margin Call.
Because the securities are collateral for our loan to you, we may decide which security to sell in order to protect our interests.
________________________________________
5. Tradesk Can Increase "House" Maintenance Margin Requirements at Any Time and Is Not Required to Provide You Advance Written Notice.
These changes may take effect immediately and may result in the issuance of a margin call. Your failure to satisfy the call may cause us to liquidate or sell securities or other assets in your account.
________________________________________
6. You Are Not Entitled to an Extension of Time on a Margin Call.
While an extension may be granted under certain conditions, you do not have a right to the extension.
________________________________________
7. Interest Charges Apply to Margin Balances.
Interest will be charged on any credit extended to you for the purpose of buying or carrying securities. The rate and terms will be disclosed separately and are subject to change.
________________________________________
8. Short Selling on Margin Involves Additional Risks.
When you engage in short selling, you may be required to post additional collateral, and the potential for losses is unlimited because the price of the stock sold short could rise indefinitely.
________________________________________
9. Tradesk May Loan Securities in Your Account.
By signing the margin agreement, you authorize us to lend securities held in your account. In certain cases, you may not be entitled to receive voting rights or dividends.
________________________________________
10. Monitor Your Account.
It is your responsibility to monitor your margin account, ensure sufficient equity is maintained, and respond promptly to any margin calls or requests.
________________________________________
If you have any questions regarding this disclosure or how margin works, please contact Tradesk’s Customer Service or review our Margin Account Agreement.

 

What is short selling?

Short selling is an advanced investing strategy. It involves borrowing shares of a stock to sell at the current market price, with the hope that the price will drop. If it does, you can buy the shares back at the lower price, and then return those shares to the lender.


People typically short a stock when they believe its price is going to fall. However, short selling comes with risk—and in this case vs simply purchasing a stock, the risks can be even higher.


For example, if the stock price goes up instead of down, you’ll have to buy the shares back at a higher price, which could result in significant losses. On top of that, there are additional fees for borrowing the shares. Since a stock's price can technically keep rising, the potential losses could be unlimited.

 

For risks associated with short selling, please visit our margin risks and disclosures.

 

Margin Disclosure Statement
IMPORTANT INFORMATION ABOUT MARGIN ACCOUNTS
Tradesk Securities, Inc. (“Tradesk”) is furnishing this Margin Disclosure Statement to you in accordance with FINRA Rule 2264. Please read it carefully.
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from Tradesk. If you choose to borrow funds from us, you will need to open a margin account. The securities purchased on margin are Tradesk’s collateral for the loan. If the securities in your account decline in value, so does the value of the collateral supporting your loan—and, as a result, Tradesk may take action, such as issuing a margin call or selling securities or other assets in your account, to maintain the required equity in your account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:
________________________________________
1. You Can Lose More Funds Than You Deposit in the Margin Account.
A decline in the value of securities that are purchased on margin may require you to provide additional funds to Tradesk or risk the forced sale of those securities or other assets in your account.
________________________________________
2. Tradesk Can Force the Sale of Securities or Other Assets in Your Account.
If the equity in your account falls below the maintenance margin requirements or your firm’s higher "house" requirements, Tradesk can sell the securities or other assets in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
________________________________________
3. Tradesk Can Sell Your Securities or Other Assets Without Contacting You.
While we will typically attempt to notify you of a margin call, we are not required to do so. Even if we have contacted you and provided a specific date by which to meet a margin call, we may still take immediate action to sell securities or other assets without further notice.
________________________________________
4. You Are Not Entitled to Choose Which Securities or Assets in Your Account Are Liquidated or Sold to Meet a Margin Call.
Because the securities are collateral for our loan to you, we may decide which security to sell in order to protect our interests.
________________________________________
5. Tradesk Can Increase "House" Maintenance Margin Requirements at Any Time and Is Not Required to Provide You Advance Written Notice.
These changes may take effect immediately and may result in the issuance of a margin call. Your failure to satisfy the call may cause us to liquidate or sell securities or other assets in your account.
________________________________________
6. You Are Not Entitled to an Extension of Time on a Margin Call.
While an extension may be granted under certain conditions, you do not have a right to the extension.
________________________________________
7. Interest Charges Apply to Margin Balances.
Interest will be charged on any credit extended to you for the purpose of buying or carrying securities. The rate and terms will be disclosed separately and are subject to change.
________________________________________
8. Short Selling on Margin Involves Additional Risks.
When you engage in short selling, you may be required to post additional collateral, and the potential for losses is unlimited because the price of the stock sold short could rise indefinitely.
________________________________________
9. Tradesk May Loan Securities in Your Account.
By signing the margin agreement, you authorize us to lend securities held in your account. In certain cases, you may not be entitled to receive voting rights or dividends.
________________________________________
10. Monitor Your Account.
It is your responsibility to monitor your margin account, ensure sufficient equity is maintained, and respond promptly to any margin calls or requests.
________________________________________
If you have any questions regarding this disclosure or how margin works, please contact Tradesk’s Customer Service or review our Margin Account Agreement.

Margin Calls

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What is Maintenance Margin?

When you're borrowing on margin, it's important to keep an eye on your maintenance margin requirements. This is the minimum amount of equity you need to maintain in your account in order to avoid a margin call.

Per regulation, FINRA requires at least 25% equity for most of the more common positions, however some brokerage firms may set higher requirements for certain securities—especially if they’re more volatile or carry more risk.

To avoid a margin call or forcible liquidation within your account, it’s important to monitor your account regularly and consider keeping a bit of a buffer above the maintenance margin threshold.

 

Margin Disclosure Statement
IMPORTANT INFORMATION ABOUT MARGIN ACCOUNTS
Tradesk Securities, Inc. (“Tradesk”) is furnishing this Margin Disclosure Statement to you in accordance with FINRA Rule 2264. Please read it carefully.
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from Tradesk. If you choose to borrow funds from us, you will need to open a margin account. The securities purchased on margin are Tradesk’s collateral for the loan. If the securities in your account decline in value, so does the value of the collateral supporting your loan—and, as a result, Tradesk may take action, such as issuing a margin call or selling securities or other assets in your account, to maintain the required equity in your account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:
________________________________________
1. You Can Lose More Funds Than You Deposit in the Margin Account.
A decline in the value of securities that are purchased on margin may require you to provide additional funds to Tradesk or risk the forced sale of those securities or other assets in your account.
________________________________________
2. Tradesk Can Force the Sale of Securities or Other Assets in Your Account.
If the equity in your account falls below the maintenance margin requirements or your firm’s higher "house" requirements, Tradesk can sell the securities or other assets in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
________________________________________
3. Tradesk Can Sell Your Securities or Other Assets Without Contacting You.
While we will typically attempt to notify you of a margin call, we are not required to do so. Even if we have contacted you and provided a specific date by which to meet a margin call, we may still take immediate action to sell securities or other assets without further notice.
________________________________________
4. You Are Not Entitled to Choose Which Securities or Assets in Your Account Are Liquidated or Sold to Meet a Margin Call.
Because the securities are collateral for our loan to you, we may decide which security to sell in order to protect our interests.
________________________________________
5. Tradesk Can Increase "House" Maintenance Margin Requirements at Any Time and Is Not Required to Provide You Advance Written Notice.
These changes may take effect immediately and may result in the issuance of a margin call. Your failure to satisfy the call may cause us to liquidate or sell securities or other assets in your account.
________________________________________
6. You Are Not Entitled to an Extension of Time on a Margin Call.
While an extension may be granted under certain conditions, you do not have a right to the extension.
________________________________________
7. Interest Charges Apply to Margin Balances.
Interest will be charged on any credit extended to you for the purpose of buying or carrying securities. The rate and terms will be disclosed separately and are subject to change.
________________________________________
8. Short Selling on Margin Involves Additional Risks.
When you engage in short selling, you may be required to post additional collateral, and the potential for losses is unlimited because the price of the stock sold short could rise indefinitely.
________________________________________
9. Tradesk May Loan Securities in Your Account.
By signing the margin agreement, you authorize us to lend securities held in your account. In certain cases, you may not be entitled to receive voting rights or dividends.
________________________________________
10. Monitor Your Account.
It is your responsibility to monitor your margin account, ensure sufficient equity is maintained, and respond promptly to any margin calls or requests.
________________________________________
If you have any questions regarding this disclosure or how margin works, please contact Tradesk’s Customer Service or review our Margin Account Agreement.

 

Maintenance Margin (MM) Call

When a margin call is issued for your Tradesk account, you’ll receive an email notification. A maintenance margin call can occur if your maintenance requirement exceeds your margin equity. This can occur due to factors such as market volatility, or margin requirements increasing on one of your currently held positions.

Note: The maintenance margin requirement on a particular stock can change at any time.

 

To resolve a margin call, you will need to deposit additional cash or sell positions to cover the amount of the call.

If you’d like to cover your margin call via deposit, you can either wire in funds or click the “Deposit” button in your Me page to make an ACH deposit. Please note that ACH transfers can take 5-7 business days to process, so make sure that funds arrive by the due date of your call. Alternatively, you can sell securities in order to meet the call.

 

Note: An MM call will be based on 4 pm EST closing prices and the account holdings as of 8pm EST. If your maintenance requirement exceeds your margin excess, then an MM call would be active on your account the following trading day.

 

Margin Disclosure Statement
IMPORTANT INFORMATION ABOUT MARGIN ACCOUNTS
Tradesk Securities, Inc. (“Tradesk”) is furnishing this Margin Disclosure Statement to you in accordance with FINRA Rule 2264. Please read it carefully.
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from Tradesk. If you choose to borrow funds from us, you will need to open a margin account. The securities purchased on margin are Tradesk’s collateral for the loan. If the securities in your account decline in value, so does the value of the collateral supporting your loan—and, as a result, Tradesk may take action, such as issuing a margin call or selling securities or other assets in your account, to maintain the required equity in your account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:
________________________________________
1. You Can Lose More Funds Than You Deposit in the Margin Account.
A decline in the value of securities that are purchased on margin may require you to provide additional funds to Tradesk or risk the forced sale of those securities or other assets in your account.
________________________________________
2. Tradesk Can Force the Sale of Securities or Other Assets in Your Account.
If the equity in your account falls below the maintenance margin requirements or your firm’s higher "house" requirements, Tradesk can sell the securities or other assets in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
________________________________________
3. Tradesk Can Sell Your Securities or Other Assets Without Contacting You.
While we will typically attempt to notify you of a margin call, we are not required to do so. Even if we have contacted you and provided a specific date by which to meet a margin call, we may still take immediate action to sell securities or other assets without further notice.
________________________________________
4. You Are Not Entitled to Choose Which Securities or Assets in Your Account Are Liquidated or Sold to Meet a Margin Call.
Because the securities are collateral for our loan to you, we may decide which security to sell in order to protect our interests.
________________________________________
5. Tradesk Can Increase "House" Maintenance Margin Requirements at Any Time and Is Not Required to Provide You Advance Written Notice.
These changes may take effect immediately and may result in the issuance of a margin call. Your failure to satisfy the call may cause us to liquidate or sell securities or other assets in your account.
________________________________________
6. You Are Not Entitled to an Extension of Time on a Margin Call.
While an extension may be granted under certain conditions, you do not have a right to the extension.
________________________________________
7. Interest Charges Apply to Margin Balances.
Interest will be charged on any credit extended to you for the purpose of buying or carrying securities. The rate and terms will be disclosed separately and are subject to change.
________________________________________
8. Short Selling on Margin Involves Additional Risks.
When you engage in short selling, you may be required to post additional collateral, and the potential for losses is unlimited because the price of the stock sold short could rise indefinitely.
________________________________________
9. Tradesk May Loan Securities in Your Account.
By signing the margin agreement, you authorize us to lend securities held in your account. In certain cases, you may not be entitled to receive voting rights or dividends.
________________________________________
10. Monitor Your Account.
It is your responsibility to monitor your margin account, ensure sufficient equity is maintained, and respond promptly to any margin calls or requests.
________________________________________
If you have any questions regarding this disclosure or how margin works, please contact Tradesk’s Customer Service or review our Margin Account Agreement.

Reg T Call (RT Call)

What is an RT call?
A Reg T call, also called a Fed Margin call, is a margin call that occurs when there aren't enough funds in an account to cover the 50% initial requirement, as defined by Regulation T.

How it happens
A Reg T call occurs when a customer doesn't have enough funds in their account to cover the 50% initial requirement. Generally, a RT Call happens when a customer uses DTBP to open a position and holds the position overnight.

Receiving an RT call
You will not be able to open new positions while in an RT Call. After receiving 3 RT calls in 90 days, your maximum Day Trade Buying Power factor will be reduced to 2 times.

How to resolve an RT call?
You can make a deposit of the call amount, liquidate 2 times of the call amount or transfer marginable securities from external account to meet an RT Call. If you choose to transfer marginable securities to meet the call, please contact customer service.

 

Note: The call will be removed 1-2 business days after the required action. If you have multiple calls that are outstanding, each call must be met separately.

Will my positions be liquidated forcibly due to market value decline?

If your account equity drops below the margin maintenance requirements (25%-100% of the market value or higher, depending on Velox's margin maintenance requirements for that particular position), we will attempt to contact you with notification of a margin call on the next business day. If the call is not met before the due date, which is typically T+4 but can vary, Tradesk will liquidate sufficient holdings within the account to satisfy the call. However, in the event of significant market volatility, Tradesk may take necessary steps including immediately selling securities without notice to the client.

Prior to applying for margin, investors should have a clear understanding of the rules and potential risks associated with margin. For risks associated with margin accounts, we invite you to review our margin risks and disclosures within our Disclosure Library.

 

Margin Disclosure Statement
IMPORTANT INFORMATION ABOUT MARGIN ACCOUNTS
Tradesk Securities, Inc. (“Tradesk”) is furnishing this Margin Disclosure Statement to you in accordance with FINRA Rule 2264. Please read it carefully.
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from Tradesk. If you choose to borrow funds from us, you will need to open a margin account. The securities purchased on margin are Tradesk’s collateral for the loan. If the securities in your account decline in value, so does the value of the collateral supporting your loan—and, as a result, Tradesk may take action, such as issuing a margin call or selling securities or other assets in your account, to maintain the required equity in your account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:
________________________________________
1. You Can Lose More Funds Than You Deposit in the Margin Account.
A decline in the value of securities that are purchased on margin may require you to provide additional funds to Tradesk or risk the forced sale of those securities or other assets in your account.
________________________________________
2. Tradesk Can Force the Sale of Securities or Other Assets in Your Account.
If the equity in your account falls below the maintenance margin requirements or your firm’s higher "house" requirements, Tradesk can sell the securities or other assets in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
________________________________________
3. Tradesk Can Sell Your Securities or Other Assets Without Contacting You.
While we will typically attempt to notify you of a margin call, we are not required to do so. Even if we have contacted you and provided a specific date by which to meet a margin call, we may still take immediate action to sell securities or other assets without further notice.
________________________________________
4. You Are Not Entitled to Choose Which Securities or Assets in Your Account Are Liquidated or Sold to Meet a Margin Call.
Because the securities are collateral for our loan to you, we may decide which security to sell in order to protect our interests.
________________________________________
5. Tradesk Can Increase "House" Maintenance Margin Requirements at Any Time and Is Not Required to Provide You Advance Written Notice.
These changes may take effect immediately and may result in the issuance of a margin call. Your failure to satisfy the call may cause us to liquidate or sell securities or other assets in your account.
________________________________________
6. You Are Not Entitled to an Extension of Time on a Margin Call.
While an extension may be granted under certain conditions, you do not have a right to the extension.
________________________________________
7. Interest Charges Apply to Margin Balances.
Interest will be charged on any credit extended to you for the purpose of buying or carrying securities. The rate and terms will be disclosed separately and are subject to change.
________________________________________
8. Short Selling on Margin Involves Additional Risks.
When you engage in short selling, you may be required to post additional collateral, and the potential for losses is unlimited because the price of the stock sold short could rise indefinitely.
________________________________________
9. Tradesk May Loan Securities in Your Account.
By signing the margin agreement, you authorize us to lend securities held in your account. In certain cases, you may not be entitled to receive voting rights or dividends.
________________________________________
10. Monitor Your Account.
It is your responsibility to monitor your margin account, ensure sufficient equity is maintained, and respond promptly to any margin calls or requests.
________________________________________
If you have any questions regarding this disclosure or how margin works, please contact Tradesk’s Customer Service or review our Margin Account Agreement.

 

Interest Rates & Payment Terms

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How is margin interest calculated?

Margin interest rates are calculated based on margin debit balance, positions held, market conditions, and other risk factors. Please refer to your account statement for the margin interest rate applied. You can visit our main Margin Investing page to review our current margin interest rates, or refer to our Fee Schedule.

Please note that margin interest rates are variable, tied to the Federal Funds Rate, and are subject to change at any time.

Margin interest is calculated daily and charged on a monthly basis directly to your account, if your account has a margin debit balance for that time period.

 

Margin Disclosure Statement
IMPORTANT INFORMATION ABOUT MARGIN ACCOUNTS
Tradesk Securities, Inc. (“Tradesk”) is furnishing this Margin Disclosure Statement to you in accordance with FINRA Rule 2264. Please read it carefully.
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from Tradesk. If you choose to borrow funds from us, you will need to open a margin account. The securities purchased on margin are Tradesk’s collateral for the loan. If the securities in your account decline in value, so does the value of the collateral supporting your loan—and, as a result, Tradesk may take action, such as issuing a margin call or selling securities or other assets in your account, to maintain the required equity in your account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:
________________________________________
1. You Can Lose More Funds Than You Deposit in the Margin Account.
A decline in the value of securities that are purchased on margin may require you to provide additional funds to Tradesk or risk the forced sale of those securities or other assets in your account.
________________________________________
2. Tradesk Can Force the Sale of Securities or Other Assets in Your Account.
If the equity in your account falls below the maintenance margin requirements or your firm’s higher "house" requirements, Tradesk can sell the securities or other assets in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
________________________________________
3. Tradesk Can Sell Your Securities or Other Assets Without Contacting You.
While we will typically attempt to notify you of a margin call, we are not required to do so. Even if we have contacted you and provided a specific date by which to meet a margin call, we may still take immediate action to sell securities or other assets without further notice.
________________________________________
4. You Are Not Entitled to Choose Which Securities or Assets in Your Account Are Liquidated or Sold to Meet a Margin Call.
Because the securities are collateral for our loan to you, we may decide which security to sell in order to protect our interests.
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5. Tradesk Can Increase "House" Maintenance Margin Requirements at Any Time and Is Not Required to Provide You Advance Written Notice.
These changes may take effect immediately and may result in the issuance of a margin call. Your failure to satisfy the call may cause us to liquidate or sell securities or other assets in your account.
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6. You Are Not Entitled to an Extension of Time on a Margin Call.
While an extension may be granted under certain conditions, you do not have a right to the extension.
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7. Interest Charges Apply to Margin Balances.
Interest will be charged on any credit extended to you for the purpose of buying or carrying securities. The rate and terms will be disclosed separately and are subject to change.
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8. Short Selling on Margin Involves Additional Risks.
When you engage in short selling, you may be required to post additional collateral, and the potential for losses is unlimited because the price of the stock sold short could rise indefinitely.
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9. Tradesk May Loan Securities in Your Account.
By signing the margin agreement, you authorize us to lend securities held in your account. In certain cases, you may not be entitled to receive voting rights or dividends.
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10. Monitor Your Account.
It is your responsibility to monitor your margin account, ensure sufficient equity is maintained, and respond promptly to any margin calls or requests.
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If you have any questions regarding this disclosure or how margin works, please contact Tradesk’s Customer Service or review our Margin Account Agreement.

What are the margin rates?

Please visit our Fee Schedule here to view our current margin interest rates.

Margin rates are variable, tied to the Federal Funds rate, and are subject to change at any time. Your monthly account statement will also show the margin interest rate applied to your account.

Please note that short selling fees may differ based on position and current market conditions.

 

Margin Disclosure Statement
IMPORTANT INFORMATION ABOUT MARGIN ACCOUNTS
Tradesk Securities, Inc. (“Tradesk”) is furnishing this Margin Disclosure Statement to you in accordance with FINRA Rule 2264. Please read it carefully.
When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from Tradesk. If you choose to borrow funds from us, you will need to open a margin account. The securities purchased on margin are Tradesk’s collateral for the loan. If the securities in your account decline in value, so does the value of the collateral supporting your loan—and, as a result, Tradesk may take action, such as issuing a margin call or selling securities or other assets in your account, to maintain the required equity in your account.
It is important that you fully understand the risks involved in trading securities on margin. These risks include the following:
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1. You Can Lose More Funds Than You Deposit in the Margin Account.
A decline in the value of securities that are purchased on margin may require you to provide additional funds to Tradesk or risk the forced sale of those securities or other assets in your account.
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2. Tradesk Can Force the Sale of Securities or Other Assets in Your Account.
If the equity in your account falls below the maintenance margin requirements or your firm’s higher "house" requirements, Tradesk can sell the securities or other assets in your account to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
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3. Tradesk Can Sell Your Securities or Other Assets Without Contacting You.
While we will typically attempt to notify you of a margin call, we are not required to do so. Even if we have contacted you and provided a specific date by which to meet a margin call, we may still take immediate action to sell securities or other assets without further notice.
________________________________________
4. You Are Not Entitled to Choose Which Securities or Assets in Your Account Are Liquidated or Sold to Meet a Margin Call.
Because the securities are collateral for our loan to you, we may decide which security to sell in order to protect our interests.
________________________________________
5. Tradesk Can Increase "House" Maintenance Margin Requirements at Any Time and Is Not Required to Provide You Advance Written Notice.
These changes may take effect immediately and may result in the issuance of a margin call. Your failure to satisfy the call may cause us to liquidate or sell securities or other assets in your account.
________________________________________
6. You Are Not Entitled to an Extension of Time on a Margin Call.
While an extension may be granted under certain conditions, you do not have a right to the extension.
________________________________________
7. Interest Charges Apply to Margin Balances.
Interest will be charged on any credit extended to you for the purpose of buying or carrying securities. The rate and terms will be disclosed separately and are subject to change.
________________________________________
8. Short Selling on Margin Involves Additional Risks.
When you engage in short selling, you may be required to post additional collateral, and the potential for losses is unlimited because the price of the stock sold short could rise indefinitely.
________________________________________
9. Tradesk May Loan Securities in Your Account.
By signing the margin agreement, you authorize us to lend securities held in your account. In certain cases, you may not be entitled to receive voting rights or dividends.
________________________________________
10. Monitor Your Account.
It is your responsibility to monitor your margin account, ensure sufficient equity is maintained, and respond promptly to any margin calls or requests.
________________________________________
If you have any questions regarding this disclosure or how margin works, please contact Tradesk’s Customer Service or review our Margin Account Agreement.