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Margin requirement for TSLA at your broker

dl003

Active Member
Nov 22, 2019
1,393
12,080
Texas
Right now I'm using IBKR. I like the features and the margin rates although I don't use much margin at all. What I don't like is how anal its margin requirement for TSLA is. Hate it. I think mine is up to 75-80% although I don't use much margin at all.
Just wanted to see if everybody knows what their broker(s) requires? I might need to switch as this is getting ridiculous. I'm using Portfolio Margin.
Looking into E*trade and it seems they have 70% as well. Can't find this information easily on the web.
Your input is appreciated!
 

nickt784

New Member
Mar 25, 2021
2
0
Los Angeles
I'm experiencing the same thing at interactive brokers right now. I just switched over to them as well. I'm super disappointed with the margin rate on TSLA stock. I should have researched this more ahead of time. I switched to them to get access to the margin loans for down the road. I might look into Schwab if its really 40 percent with TSLA.
 

UltradoomY

Member
Mar 13, 2020
112
277
Tampa, FL
I like it a lot - street smart edge is the platform to download and it gives a lot of market data - like order flow and level 2 if you care to look at that.
They have been helpful as well when I needed to actually talk to someone.
 

samppa

Member
Feb 17, 2019
352
1,558
finland
Right now I'm using IBKR. I like the features and the margin rates although I don't use much margin at all. What I don't like is how anal its margin requirement for TSLA is. Hate it. I think mine is up to 75-80% although I don't use much margin at all.
Just wanted to see if everybody knows what their broker(s) requires? I might need to switch as this is getting ridiculous. I'm using Portfolio Margin.
Looking into E*trade and it seems they have 70% as well. Can't find this information easily on the web.
Your input is appreciated!
I'm in IB too, and using some margin. They recently announced a margin increase in accounts that have concentrated positions of TSLA. This is my trading account, so it has only TSLA and cash.
The note is kind of confusing.. if I understand it correctly, they now run a stress test on TSLA that stimulates a -50% drop in share price, and the margin requirement is whatever comes from under that test.

I did some calculations, according to those maintenance margin requirement came to about 66% and initial margin to about 72%.

Unfortunately I don't know of any other broker here in EU that will deal with us options.. so stuck here at IB.
 

akslee

New Member
Apr 9, 2021
1
0
Canada
I confirm Etrade uses 40% margin requirement for TSLA
Screen Shot 2021-04-09 at 10.15.57.png
 

Featsbeyond50

Member
Apr 27, 2019
214
539
Washington
40% margin requirement is great, but what is the margin interest rate at Schwab and ETrade? Will they lower it if you ask? Thanks.
Schwab will lower if you ask. I asked and they gave me a rate of 4.75 if I remember correctly. That rate is locked in for one year. I haven't pulled the trigger yet but if I do, I probably won't keep it for more than a year since I have plenty of long term shares I can use to erase the debt.
 
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