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Bank of America Corporation Message Board

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  • miner333 miner333 Jun 13, 2009 9:35 PM Flag

    Margin Question

    I guess it probably depends on the broker. TDAmeritrade only requires that you have 2K in your account to trade on margin. The 25K requirement is a SEC rule if you want to be a pattern day trader which is defined as more than 3 day trades in a rolling 5 trading day period. If you don't want to day trade then 2K and an internet connection is all you need.

    HTH

 
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