You will be charged interest on a daily basis on all credit extended to you. The base rate is set at E*TRADE Securities' discretion with reference to commercially recognized interest rates such as the broker call loan rate. Base rates are subject to change without prior notice including on an intraday basis. For additional information and a detailed explanation of the computation of interest charges applicable to debit balances and margin accounts, please refer to the Margin Account Supplement in your Customer Agreement or the E*TRADE website at www.etrade.com.
The minimum account equity requirement for a Regulation T ("Reg. T") margin account is $2,000. Portfolio Margin is available only to experienced investors with (i) a minimum account equity of at least $100,000 (which must be maintained in the account at all times), and (ii) Level 4 options trading approval.
Purchasing Power and Available for Withdrawal values shown for margin accounts are calculated based on market quotes and may lag the current market by up to 30 minutes.