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Margin Rates

When you think about how much you’re actually paying your broker, one of the most important things that investors and trades often overlook is how much margin interest they are paying. Take a look at the rates listed below:

Margin Rate Tiers1 ToledoTrade Standard2 ToledoTrade at Cost3 TD Ameritrade Charles Schwab Fidelity E*TRADE
Under $10,000 5.59% 4.59% 10.25% 9.325% 9.325% 10.25%
$10,000 - $24,999 5.59% 4.59% 10.00% 9.325% 9.325% 10.00%
$25,000 - $49,999 5.59% or ⇨ 4.59% 9.75% 8.825% 8.825% 9.75%
$50,000 - $99,999 5.59% or ⇨ 4.59% 8.75% 7.875% 7.875% 9.25%
$100,000 - $249,999 5.09% or ⇨ 4.09% 8.50% 7.825% 7.825% 8.75%
$250,000 - $499,999 5.09% or ⇨ 4.09% 8.25% 7.825% 7.575% 8.25%
$500,000 - $999,999 5.09% or ⇨ 4.09% N/A4 N/A4 5.25% 7.75%
$1 Million - $3 Million 4.59% or ⇨ 3.59% N/A4 N/A4 5.00% 6.75%
Above $3 Million 4.39% or ⇨ 3.39% N/A4 N/A4 5.00% 6.75%
  1. The tiers on which interest is based may change from time to time without prior notification to clients. Such adjustments are done periodically to adjust for changes in currency rates. ToledoTrade uses a blended rate based on the tiers indicated. 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. ToledoTrade accrues interest on a daily basis and posts actual interest monthly on the third business day of the following month.
  2. Clients who maintain and average daily margin balance of $30,000 or a daily cash balance of $50,000 throughout the month are eligible for the Trade at Cost Plan.
  3. The required minimum for the Trade at Cost plan is a daily average margin balance of $30,000 or a daily average cash balance of $50,000 or more that must be maintained throughout the month. If a client goes below the required minimum then the rates and commission will change to the Standard plan.
  4. For margin balances above $500,000, Charles Schwab and TD Ameritrade requests to contact them. Please contact us as we negotiate margin rates.

The Bottom Line:

ToledoTrade’s margin rates start lower than all of the brokers listed above. With the Trade at Cost plan, the rate is lower than the Standard plan when the daily average margin balance is maintained throughout the month. ToledoTrade will also negotiate with clients who are on the Standard plan and have a margin balance of $500,000 or more that is not maintained throughout the month. Depending on the size of your margin balance, you can save hundreds, if not thousands of dollars of margin interest by making the switch to ToledoTrade. Look at this example of a $100,000 margin balance:

Broker

Standard

Trade at Cost

Schwab

Fidelity

TD Ameritrade

E*TRADE

Rate

5.59%

4.59%

7.825%

7.825%

8.50%

8.75%

Annual Cost

$5,590
$4,590
$7,825
$7,825
$8,500
$8,750

Savings

N/A

$1,000

$2,235 or $3,235

$2,235 or $3,235

$2,910 or $3,910

$3,160 or $4,160

*Based on a $100,000 Margin Debit Balance. Calculation is based on a yearly interest charge amount and assumes that your daily balance does not fluctuate but remains constant.

Competitor commission and margin rates obtained from published websites as of 8/12/2019 are believed to be accurate but not guaranteed. Comparisons do not include competitor discounts or promotions.

See Why Our Clients Love Us*

I just started with ToledoTrade, and I was shocked at the service and pricing. The platform is user friendly and very custom to each trader’s needs. Much better than large companies.

John L
United States
Rating : 5

“High quality and high touch levels of support. Very responsive to any issues. No monthly platform or inactivity fees.”

Muzammil S
United Arab Emirates
Rating : 5

“Very patient and caring. Helps you with anything you need. Great place to do business!”

Mary K
United States
Rating : 5

“I highly recommend ToledoTrade! If it wasn’t for ToledoTrade I wouldn’t be where I am right now with my trading. They are very attentive to my needs and always go beyond what is expected of them. I highly recommend ToledoTrade.”

Jerry K
United States
Rating : 5

“You are recognized as a person at ToledoTrade. All questions are answered promptly and honestly. You will be a stress free investor.”

Kathie B
United States
Rating : 5

“ToledoTrade is simply the best broker. The commission fees that they charge for buying and selling stocks is very cheap. The trading app (Handy Trader) that they have is amazing. They provide excellent customer service. I truly recommend ToledoTrade for you.”

Fadi B
United Arab Emirates
Rating : 5
* Testimonials appearing on this site are not considered paid testimonials and are actual client submissions based on individual experiences or clients who have used our products and/or services. However, individual results vary and are not necessarily representative of all those who will use our products and or/services. These testimonials are in no way guarantees for future performance or success. The testimonials displayed are given verbatim except for correction of grammatical or typing errors. Some have been shortened. In other words, not the whole message received by the testimonial writer is displayed, when it seemed lengthy or or the entirety of the testimonial did not seem relevant for the general public. ToledoTrade is not responsible for any of the opinions or comments posted to our site.

ToledoTrade is a division of Gar Wood Securities, LLC, through which securities and futures are offered. Member FINRA | SIPC | NFA. Check the background of ToledoTrade, a division of Gar Wood Securities, LLC. on FINRA's BrokerCheck.

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