Effective July 27th 2023, the broker call rate (also known as the call money rate) is 7.25%.

What rate of margin interest are you paying your broker?

Since 1997, Trading Direct, a division of York Securities, Inc., has provided clients with extremely low margin rates. Unlike other brokers who may base their margin rates upon an arbitrary base figure, Trading Direct rates have always been based on the official broker call rate, as published in financial newspapers.

See below table for the rate of interest you would pay on your debit balance.

MARGIN INTEREST RATE TABLE (as of July 27th 2023):

Current Margin Interest Rates for Amounts Borrowed:

10.00% to borrow up to $49,999
9.25% to borrow $50,000 - $99,999
8.50% to borrow $100,000 - $249,999
7.625% to borrow $250,000 - $499,999
7.00% to borrow $500,000 - $999,999
6.75% to borrow $1,000,000 or more

Rates based upon the broker call rate.

As of 07/27/23, the official published broker call rate is 7.25%.

Why pay more? View comparison against other online brokers.

Visit tradingdirect.com or contact Trading Direct for more information.

Frequently Asked Questions

Please contact us if you have other questions.

Do I pay one rate of interest on my entire margin debit balance?

Yes. If, for example, you are borrowing $500,000, you would be in the $500,000 to $999,999 tier, and the interest rate would be 6.75% on the entire $500,000 loan. See https://www.tradingdirect.com/pricing/Interest-Rates for full table.

Are rates fixed?

No. Rates will change along with a change in the broker call rate. (The broker call rate will change in conjunction with change in the Federal Funds Rate, which are announced at Federal Reserve Interest Rate meetings.)

Is there a fixed repayment schedule?

No. Interest accrues based upon the debit balance each day, and is charged monthly. The amount charged will increase your debit balance. You may pay back the loan when you are ready to do so.*

* Note: Should your account fall below the minimum margin requirement, a margin call would be issued, and it would need to be met promptly. See https://www.tradingdirect.com/Trading-Rules#margincall for details, margin agreement & disclosure document, or contact us if you have questions.

Are mutual funds or bonds marginable?

Yes. You may borrow money against your mutual fund(s), provided it has been owned for at least 30 days. You may borrow against investment grade domestic bonds with a CUSIP.

Welcome to margin-rates.com

MARGIN INTEREST RATE TABLE (as of July 27th 2023):

Frequently Asked Questions

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