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If you do any trading at all, you want a margin account so you don't have to wait for settling before making another purchase. While technically the money is bo
by matwood 6y ago
If you do any trading at all, you want a margin account so you don't have to wait for settling before making another purchase. While technically the money is borrowed for the 2 days to make your trade, I would never considered it borrowed in the typical use of the word margin.
- ogre_codes 6y agoYeah, this is exactly my point. What Robinhood is doing isn't particularly uncommon in the industry.
- kbar13 6y agoi agree, but given the number of new users onboarding to robinhood, it's very possible that they don't have enough liquidity to cover the borrowed money, even if it is slated to be 100% by cash in 2 days