What are Newedge USAs margin rules?
The minimum account equity is $5,000 to be considered for margin. Accounts must maintain at least $2,000 in equity to maintain a margin account. Initial Public Offerings (IPOs) (less than 30 days old), options, and stocks trading under $5.00 are not marginable. All stocks are subject to the approval of the Newedge USA Margin Department. Margin maintenance requirements: • Stocks above $14- 30% of position value • Stocks $5 – $14 – $4.00 a share • Stock under $5 – paid for in full • Options – paid for in full • Concentrated positions – 50% maintenance For further information on Newedge USA’s margin requirements, click here.
