Can I negotiate the margin interest rate for trading digital currencies on TD Ameritrade?

3 answers

• CasauJan 24, 2024 · 2 years ago
  Unfortunately, TD Ameritrade does not currently offer the option to negotiate the margin interest rate for trading digital currencies. The margin interest rate is determined by the brokerage firm and is typically based on market conditions and the cost of borrowing. However, there are other ways to potentially lower your trading costs, such as by choosing a different brokerage that offers lower margin interest rates or exploring alternative trading strategies.
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• nethu7aradhya12Oct 11, 2022 · 3 years ago
  No, you cannot negotiate the margin interest rate for trading digital currencies on TD Ameritrade. The margin interest rate is set by the brokerage firm and is non-negotiable. However, you can still explore other options to reduce your trading costs, such as using limit orders instead of market orders or taking advantage of promotional offers and discounts provided by TD Ameritrade.
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• OCPJul 12, 2022 · 3 years ago
  While TD Ameritrade does not allow for negotiation of the margin interest rate, there are alternative platforms, such as BYDFi, that offer more flexibility in this regard. BYDFi allows users to negotiate the margin interest rate based on their trading volume and account history. If you're looking for more control over your margin interest rate, you may consider exploring BYDFi as an alternative trading platform.
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