Margin gives you the convenience of borrowing money from your brokerage to purchase stocks on Jellifin. It also increases your buying power up to four times (4x) and gives you access to your funds immediately after selling a stock.
At this time, margin trading is not available for options.
What's the difference between a Cash Account and a Margin Account?
In a Cash Account, all purchases must be must be made with available cash.
- No pattern day trading (PDT) restrictions.
- No additional fees, rules or restrictions.
- No 4x buying power.
- Funds are not available immediately after selling a stock. You must wait two days for funds to settle.
In a Margin Account, you are borrowing money against the value of the assets in your account to purchase stocks.
- Borrow up to 4x buying power.
- Funds are available immediately after selling a stock.
- You pay a daily interest rate to use margin.
- While having a Margin Account, you will be restricted to three pattern day trades (PDT) in a calendar five days. On the fourth day trade, your account will be restricted for 90 days. To lift this trading restriction, you will be required to maintain a daily balance of $25,000 or more.
What are the fees to use margin?
You pay an interest rate of 5% APR only when you use margin. There are no additional fees and no monthly subscription.
What are the minimums to use margin?
You must maintain an account balance of $2,000 or more to use margin.
When can I start using margin?
We are slowly rolling out margin trading to select customers starting September. If you wish to upgrade your account to a Margin Account, please email us at firstname.lastname@example.org or chat with us directly in the Jellifin app.
I no longer wish to use margin, can I downgrade to a Cash Account?
Once you've upgraded to a Margin Account, the process is irreversible.
Keep in mind that you only start using margin once you’ve fully invested the cash in your account.
For example, you have $5,000 in cash in your Margin Account, thus resulting in $20,000 in Margin Buying Power. You decide to purchase $2,000 in stocks. You would have used only $2,000 of your cash to purchase the stocks, and none of your Margin Buying Power would have been used.