Series 24: 3.7.2.6. First Trade In A Long Margin Account

Taken from our Series 24 Online Guide

3.7.2.6. First Trade in a Long Margin 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%.

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: 3.7.2.6. First Trade In A Long Margin Account, you might also be interested in:

Series 65 - Price Declines and Restricted Margin Accounts

Series 14 - Chapter 5 Practice Questions

Series 65 - 4.5.8.1 Resales of Restricted and Control Securities—Rule 144

Series 24 - Shelf Offering (Shelf Registration)

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I passed the 24 the first time with the help of the Solomon materials. The online course and the exams really helped focus in and clarify what was important. I've recommended them to all of my colleagues!

Corrinne Kaucher

I recently passed my Series 24 using Solomon Exam Prep! It was the hardest exam I've taken to date. I found all the practice exams with specific feedback to be the most helpful, though the audiobook was very helpful as well.

Diane Pouliot, RBC, Minneapolis, MN

As easy and painless as it could ever get (Series 24)!

Francis R., Hong Kong, China

Passed the 24 today ... fun test.. You have a great product. The material was easy to follow and the practice tests were very, very helpful. Thank you.

Danny Klingler, Kestra Financial, Austin, Texas

Even though there is no such thing as a guaranteed success in the securities industry, there is a likelihood of strong returns if you are able to make the right risk / reward choices at the right time.

If you are taking a test one of those choices is Solomon materials. Just follow their guidance. It worked for me, 3 times in a row, 7, 63, 24!

Eric Altmann, New York, NY

Recently passed the Series 24 Exam. I owe it to the Solomon Exam Prep series. The format of study and testing preparation was easy to follow and comprehend. I had taken the exam before and used study material through a different provider. It did not give me the sense of readiness in the "connection of the dots" and time-management like the Solomon series did. Such a relief to see the word PASS.

Hope Brackin, Cambridge Investment Research, Inc., Auburn, AL