I had a margin account long before RH, back when I was living on a grad student's salary, along with options trading approval. Even the big brokerages with tri

I had a margin account long before RH, back when I was living on a grad student's salary, along with options trading approval. Even the big brokerages with trillions in customer assets have been handing these things out like candy for a long time. All RH did was substantially reduce fees and make trading a little more exciting for unsophisticated "investors."