Series 28: First Trade In A Long Market Account

First Trade in a Long Market Account

Margin accounts have minimum deposit requirements for the first transaction. For a long market account, a purchase of less than $2,000 requires 100% of the value of the purchase. For purchases between $2,000 and $4,000, the customer must deposit at least $2,000. For purchases over $4,000, the customer must deposit at least 50%.