Received 9 Karmas
RMcInarnay
RMcInarnay Sep 28, 18 10:45 AM

If you keep 100% equity on your short then you don't get charged interest. ie. you have $2k in your account and you short $2k of a stock then there is no interest. Also, E*Trade does not charge interest for intraday shorting, at least that's what they just told me.

Donzidave
Donzidave Oct 29, 20 1:11 PM

This can’t be right.....

dballard114
dballard114 Jan 04, 21 1:09 PM

They seem to be doing things not kosher. I know they have a lot of leeway with margin accounts but I am getting charged almost 60% interest on my short position, skyrocketed about 5% per day over 30 days, this seems usurious? Also, they keep playing with margin req's; went from 30% to 60%, this morning jumped to 90%??? Then 3 hours later back to 60%. WTH is going on? I smell lawsuit.

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