Before applying for a margin account, you should determine whether trading on margin is right for you given your specific investment objectives, experience, risk tolerance, and financial situation. For more complete information, please read the FINRA Margin Disclosure Statement .
Trading on margin is only for sophisticated investors with high risk tolerance. You may lose more than your initial investment. A decline in the value of securities that are purchased on margin may require you to deposit additional funds to your trading account. E*TRADE Securities LLC (“E*TRADE”) can force the liquidation of any securities in your account without prior notice if your equity falls below required levels, and you are not entitled to an extension of time in the event of a margin call.  Please read more information regarding trading on margin at etrade.com/margin.

You will be charged interest on a daily basis on all credit extended to you. 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.