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How do I apply for a margin account?

Updated over a week ago

Mobile App

  1. Tap the Account icon in the bottom right corner.

  2. Tap on Account Profile.

  3. Under Margin Trading, tap Upgrade.

  4. Check the box to agree to the margin agreement and disclosures.

  5. Tap Add Margin.

Web

  1. Login to your Firstrade account.

  2. Go to Accounts → Profile.

  3. Next to Margin Trading, click Add Margin.

  4. Check the box to agree to the margin agreement and disclosures.

  5. 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.

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