At least not at Etrade, as far as I know. Last update 11/29 Elan required 100% equity, ie. no margin available.Anyone know about this?
AMERITRADE DOES 50%.Please realize that the amount and interest rate of margin granted are factors determined, for the greatest part, by your financial situation and trading experience.Depending on your portfolios and your trading history, an online broker might occasionally send you some nice gifts for doing business with him.
Fidelity has 80% equity required.
Well, with as much money I have given my broker(DATEK---AMERITRADE) over the years..I wish they send me a gift!!!
That's dumb. Forget Etrade. Scottrade is much better and has always allowed Elan to be bought on margin.
???? Ameritrade does allow margin on ELN