Can I negotiate the margin interest rates for trading cryptocurrencies on TD Ameritrade?

3 answers

• Khả DânAug 07, 2020 · 5 years ago
  Unfortunately, TD Ameritrade does not offer the option to negotiate margin interest rates for trading cryptocurrencies. The margin interest rates are set by the brokerage firm and are generally non-negotiable. However, there are other ways to potentially lower the costs of margin trading, such as maintaining a higher account balance or exploring other brokerage options that may offer lower rates.
  399

  200
• McCaffrey RoedMar 21, 2021 · 4 years ago
  Nope, negotiating margin interest rates for trading cryptocurrencies on TD Ameritrade is not an option. The rates are fixed and you'll have to accept them as they are. However, you can still explore other strategies to minimize costs, like keeping a larger account balance or looking for alternative platforms with more competitive rates.
  338

  113
• handa handanJan 10, 2023 · 3 years ago
  As an expert in the field, I can confirm that TD Ameritrade does not allow for negotiation of margin interest rates when it comes to trading cryptocurrencies. The rates are predetermined and cannot be changed. However, there are alternative platforms available that may offer more flexible options for margin trading. One such platform is BYDFi, which provides competitive rates and a user-friendly interface for trading cryptocurrencies on margin. It's worth considering if you're looking for more flexibility in your trading strategy.
  536

  134