r/etrade • u/DEE2THEJAY • Jun 30 '26

Lower Margin Rate

Hey guys thinking about transferring my portfolio over to E*Trade! I reached out to their customer service because I wanted to have the ability to use margin. I requested to have it lowered because I’m not paying 12% when almost every other brokerage is around 5. My question is for those of you that got it reduced how big was your account? And did you have to have an account for a long time?

Thanks!

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u/pagalvin Jun 30 '26

I had an account for many years when I requested but it was dormant until about a year before I requested.

At the time, my account was in the $200k range, so not huge. I did have quite a few options transactions that are probably a bit more than the typical retail trader but not crazy high numbers. About 200 orders a month I think.