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Daren Khek

Founder & Director at Tabi Studios

05 Feb 2021

∙

General Investing

How does Thinkorswim charge for margins?

Is there a place where I can check how much I am charged for margins?
Say if there was a dip in a stock I want, I used margins to buy while waiting for my money to be credited.

So I am on margins for like 3-4 days, how am I charged?

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Chris

05 Feb 2021

Owner and Writer at Tortoisemoney.com

Margin interest rates vary based on the amount of debit and the base rate. The formula is: Interest Rate x Margin Debit / 360 = Daily Interest Charge. Although interest is calculated daily, the total will post to your account at the end of the month.

Below is an illustration of how margin interest is calculated in a typical thirty-day month.

*The following is an illustration. Your actual margin interest rate may be different.

Source: TD Ameritrade

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