Do I pay interest when I use margin for one day in trading stock?
kbjnice7 asked:
In a margin account, do I pay interest on the margin I used for a day trade, meaning I used the margin for only one day?
Tracy
In a margin account, do I pay interest on the margin I used for a day trade, meaning I used the margin for only one day?
Tracy
The days business and since all settlements occur after that there is no charge for each minute you use it during the day plus overnight if you use it during the day plus overnight if you use any.