Mobile App
Tap the Account icon in the bottom right corner.
Tap on Account Profile.
Under Margin Trading, tap Upgrade.
Check the box to agree to the margin agreement and disclosures.
Tap Add Margin.
Web
Log in to your Firstrade account.
Go to Accounts → Profile.
Next to Margin Trading, click Add Margin.
Check the box to agree to the margin agreement and disclosures.
Click Add Margin.
Important Notice - When margin privileges are approved on your account, full margin and day trading functionality may not be available until the following business day. While your account may reflect an active margin status on the day of approval, day trading permissions may not be fully established.
For this reason, please refrain from placing day trades on the day your margin privileges are approved. If you have already opened a position and are unable to close it through the platform, please contact Customer Service immediately — a broker will be able to assist you in closing the position.
Credit Verification - You authorize Firstrade to obtain a consumer credit report at the time of your application to assess your creditworthiness and, as needed, to obtain additional reports periodically for updates, renewals, extensions, or collection activities on any approved account. Based on the information in these credit reports, Firstrade reserves the right to deny your application if negative information is identified. Additionally, Firstrade may, at its discretion and for its own protection, request and obtain a consumer credit report at any time if deemed necessary.