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Overview

 

Interest Schedule

 

Calculations

 

Lowest Margin Rates

 

Compare Rates

 

 

 Interest and Financing: Overview

Place Trade uses internationally recognized benchmarks on overnight deposits as a basis for determining interest rates. We then apply a spread around the benchmark interest rate ("BM") in tiers where larger cash balances receive increasingly better rates, to determine an effective rate.  

Place Trade accrues interest on a daily basis and posts actual interest monthly on the 3rd business day of the following month. For detailed examples on how we calculate interest, click here

View spreads and effective rates on credit balances (Interest Paid to You), debit balances (Interest Charged to You), and short sale proceed balances (Interest Paid to You).

Combined overall interest rate on larger balances: Interest rates are charged per tier and therefore you will have a combined overall interest rate if you hold a higher balance (that covers more than one tier). We do not charge a single tier rate for higher balances.

Current Benchmark Rates

 & Interest Benchmark Definitions

 

 

 


Learn About Interest Rates

 

Click here to view our Examples of Interest Calculations Page

 

Please Note:

Examples are shown for informational purposes only. Rates are subject to change without notice.  

Minimum interest rates on credit cash balances is 0%. Interest charges will never be applied to credit cash balances.

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, Place Trade recommends that clients utilize the Short Stock (SLB) Availability tool located under TraderWorkstation (TWS)/Tools.

*3: The same rate applies to all balance amounts for ILS; there are no tiers.
*2: The same rate applies to all balance amounts for INR; there are no tiers.

Options involve risk and are not suitable for all investors. For more information, read the "Characteristics and Risks of Standardized Options" before investing in options. For a copy click here. There is no guarantee of execution. Orders will be routed to US options exchanges.

Any trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.

 

 

 

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Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

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Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


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529 College Savings Plans

UGMA/UTMA Accounts