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Exactly my point. If you're buying <$1k in a stock, you're likely not going to be a big source of revenue for margin loans or API access. So basically, they wi
by crystaln 13y ago
Exactly my point. If you're buying <$1k in a stock, you're likely not going to be a big source of revenue for margin loans or API access.
So basically, they will attract lots of small, active trading accounts. I don't see the model.
- dllthomas 13y agoIf they actually have lower expenses than competitors, they may be competative on margin rates. If that is true, then anyone who manages to make some money trading small amounts and wants to scale up is likely to stick around.