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View Full Version : Do I still have too wait for funds too clear in a Margin Account?



okineviqotgob
07-21-2015,
From what I understand "penny stocks" are not marginable. But if I have a margin account do I still have too wait for my funds too clear before using that Money too buy and sell more penny stocks?

okiviyem
07-22-2015,
No not if u have a margin account. Most penny traders get a margin account for that reason not to play margins

okivmizid
07-22-2015,
Thanks Catfish

olicoouborefu
07-23-2015,
It's going to depend on the individual broker, my experience with Scottrade is that your account must be anchored with adequate 'marginable' securities. After establishing a margin account and subsequently selling my anchor holdings I immediately received a margin call. Probably should make a phone call or two to be certain.
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olaouicp66
07-24-2015,
Welcome to SMC!
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