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Pricing > Interest and Financing > Interest Rates Charged to You on Margin Loan Balances

 

Overview

 

Interest Schedule

 

Calculations

 

Lowest Margin Rates

 

Compare Rates

 

Benchmark Rates 

 

 Interest Paid to You 

 

Interest Charged to You

Examples of Interest Rate Calculations 

 

 

 

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Don't get caught up in the shiny stuff! Some brokers make you think that they are cheaper by touting flat rate commissions (not net best execution), free trades and other slick marketing gimmicks while they brush over the real money makers. You can literally save thousands of dollars per year with our extremely low margin rates versus what your current broker is charging.* Start saving more of your money! Easily transfer your account to Place Trade today!  

 

Interest Rates Charged to You on Margin Loan Balances

When calculating rates, please keep in mind that PT uses a blended rate based on the tiers below.

For example, for a balance over 1,000,000 USD, the first 100,000 is charged at the Tier I rate, the next 900,000 at the Tier II rate, etc. (The lower rate does not cover the entire USD 1,000,000.) 

PT accrues interest on a daily basis and posts actual interest monthly on the 3rd business day of the following month.

The tiers which interest is based upon may change from time-to time without prior notification to customers. Such adjustments are done periodically to adjust for changes in currency rates.

 

View Examples - Interest Rates Charged to You on Margin Loan Balances

 

BM = Benchmark Rate

 

Currency

Tier

Rate Charged     

USD 0 - 100,000 2.91% (BM + 2%)  
  100,001 - 1,000,000 2.41% (BM + 1.5%)
  1,000,001 - 3,000,000 1.91% (BM + 1%)
  3,000,001 - 200,000,000 1.41% (BM + 0.75%)
  200,000,001 + 1.16% (BM + 0.25%) 1
AUD 0 - 100,000 3.5% (BM + 2%)
  100,001 - 1,000,000 3% (BM + 1.5%)
  1,000,001 - 200,000,000 2.5% (BM + 1%)
  200,000,001 + 2% (BM + 0.50%) 1
CAD 0 - 100,000 2.5% (BM + 2%)
  100,001 - 1,000,000 2% (BM + 1.5%)
  1,000,001 - 200,000,000 1.5% (BM + 1%)
  200,000,001 + 1% (BM + 0.5%) 1
CHF 0 - 100,000 2.0% (BM + 2%)
  100,001 - 1,000,000 1.5% (BM + 1.5%)
  1,000,001 - 200,000,000 1.0% (BM + 1%)
  200,000,001 + 0.50% (BM + 0.50%) 1
CNY/CNH 0 - 625,000 7.975%(BM + 5.5%)
  625,001 - 6,250,000 7.475% (BM + 5%)
  6,250,001 - 1,250,000,000 7.475% (BM + 5%)
  1,250,000,001 + 7.475% (BM + 5%) 1
CZK 0 - 4,000,000,000 3.62% (BM + 3.5%)
  4,000,000,001 + 3.62% (BM + 3.5%) 1
DKK 0 - 1,200,000,000 3.50% (BM + 3.5%)
  1,200,000,001 + 3.50% (BM + 3.5%) 1
EUR 0 - 75,000 2.0% (BM + 2%)
  75,001 - 750,000 1.5% (BM + 1.5%)
  750,001 - 150,000,000 1.0% (BM + 1%)
  150,000,001 + 0.50% (BM + 0.50%) 1
GBP 0 - 65,000 2.224% (BM + 2%)
  65,001 - 650,000 1.724% (BM + 1.5%)
  650,001 - 130,000,000 1.224% (BM + 1%)
  130,000,001 + 0.724% (BM + 0.50%) 1
HKD 0 - 780,000 2.% (BM + 2%)
  780,001 - 7,800,000 1.5% (BM + 1.5%)
  7,800,001 - 1,560,000,0001.566 1% (BM + 1%)
  1,560,000,001 + 0.5% (BM + 0.50%) 1
HUF 0 - 45,000,000,000 5.08% (BM + 5%)
  45,000,000,001 + 5.08% (BM + 5%) 1
ILS 0 - 800,000,000 5.1% (BM + 5%)
  800,000,001 + 5.1% (BM + 5%) 1
INR All 13.20% (BM + 3.5%)
JPY 0 - 10,000,000 3.066% (BM + 2%)
  10,000,001 - 100,000,000 1.566% (BM + 1.5%)
  100,000,001 - 20,000,000,000 1.066% (BM + 1%)
  20,000,000,001 + 1.066% (BM + 1%) 1
KRW 0 - 120,000,000 3.75% (BM + 2.5%)
  120,000,001 - 1,200,000,000 3.25% (BM + 2%)
  1,200,000,001 - 240,000,000,000 2.75% (BM + 1.5%)
  240,000,000,001 + 2.25% (BM + 1%) 1
MXN 0 - 1,300,000 10.395% (BM + 3.5%)
  1,300,001 - 13,000,000 9.395% (BM + 2.5%)
  13,000,001 - 2,600,000,000 8.895% (BM + 2%)
  2,600,000,001 + 8.395% (BM + 1.5%) 1
NOK 0 - 600,000 2.49% (BM + 2%)
  600,001 - 6,000,000 1.99% (BM + 1.5%)
  6,000,001 - 1,200,000,000 1.49% (BM + 1%)
  1,200,000,001 + 0.99% (BM + 0.50%) 1
NZD 0 - 130,000 3.75% (BM + 2%)
  130,001 - 1,300,000 3.25% (BM + 1.5%)
  1,300,001 - 260,000,000 2.75% (BM + 1%)
  260,000,001 + 2.50% (BM + 0.75%) 1
PLN 0 - 70,000,000 5.12% (BM + 3.5%)
  70,000,000.01 + 6.12% (BM + 4.5%)1
RUB 0 - 6,600,000,000 14.02% (BM + 5%)
  6,600,000,001 + 14.02% (BM + 5%) 1
SEK 0 - 700,000 2.% (BM + 2%)
  700,001 - 7,000,000 1.5% (BM + 1.5%)
  7,000,001 - 1,400,000,000 1.% (BM + 1%)
  1,400,000,001 + 0.50% (BM + 0.50%) 1
SGD 0 - 130,000 2.506% (BM + 2%)
  130,001 - 1,300,000 2.006% (BM + 1.5%)
  1,300,001 - 260,000,000 1.506% (BM + 1%)
  260,000,001+ 1.006% (BM + 0.50%) 1
ZAR 0 - 1,500,000 8.981% (BM + 2%)
  1,500,000.01 - 15,000,000 8.481% (BM + 1.5%)
  15,000,000.01 - 1,500,000,000 7.981% (BM + 1%)
  1,500,000,000.01 + 7.731% (BM + 0.75%) 1

Important Notes: 
*Actual amount saved is based on the difference in margin rates (between what your current firm is charging and our super low rates) times your margin loan balance.
 
1May be subject to a 1% surcharge applied to the spread if financing is not pre-arranged.

 

Costs for position borrowing of stocks with special considerations (for example hard to borrow instruments) are usually higher than for normal availability stocks. These additional costs will be passed on in the form of lower short stock credit interest. Please note that this may lead to a net debit short stock credit interest in the event that the costs to borrow exceed the interest earned. In order to view the indicative short stock interest rates for a specific stock, PT recommends that clients always use the Short Stock (SLB) Availability Tool which is located under Support tab (on the main menu in Account Management) on the Tools menu.

 

How to find the indicative short stock interest rates for a specific stock:

Use the Short Stock (SLB) Availability Tool to view the indicative short stock interest rates for a specific stock.

 

Where can I find the Short Stock (SLB) Availability Tool?

Log into Account Management, and then click on:

> Support

> Tools menu

 

How to Save Money with lower margin rates | How much do you charge on Margin Loan Balances?  | How to Save Money  | Get Lower Margin Interest Rates

 

 

 

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