I was told you could use margin on a trade but not use more than what you have in cash which allows you to not be affected by waiting for funds to settle is this true? Do you get charged margin interest for this?
I was told you could use margin on a trade but not use more than what you have in cash which allows you to not be affected by waiting for funds to settle is this true? Do you get charged margin interest for this?
Check with your broker but I have never been charged interest even when I was using margin for a few minutes on some trades.
This is incorrect. I've used leverage before and they charge you interest daily but apply it at the end of the month like a credit card.
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