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There's various brokerages that don't give registered users margin accounts by default and it's something that users specifically have to ask for (similar to as

There's various brokerages that don't give registered users margin accounts by default and it's something that users specifically have to ask for (similar to asking for options trading).

astura 6y ago
Which ones? I thought being able to buy securities immediately after initiating a transfer before that transfer settles was industry standard? I know (at least) Fidelity and Vanguard let you do so with just a normal run-of-the-mill brokerage account. My husband once accidentally messed up his transfer to Vanguard and it didn't go thru and he already purchased mutual funds with that money he meant to transfer. It told him he had a trading violation and the lady on the phone said having just a single trading violation didn't matter.
- jacobsenscott 6y ago
  With chase you need to request a margin account. I really like their brokerage account. They never blocked GME, and the don't hide anything.
- refurb 6y ago
  Hmmm... my Vanguard account doesn't work that way. If I initiate a buy using external funds (from my bank), the actual purchase doesn't happen until the funds clear in ~2 days. It will just show "pending".
  - pertymcpert 6y ago
    You sure that’s not the T+2 rule?
    - refurb 6y ago
      That’s exactly what it is. What confuses me is the comment I was replying to doesn’t seem to have this for their Vanguard account?