Here’s a look at my Canadian, U.S., and British margin accounts. Margin allows investors to buy more stocks than we can afford with cash by borrowing money from the broker. This is why I have a negative cash value in my margin account. My current blended interest rate on this borrowed money is 2%.
In 2016 I transferred my margin account from TD to Interactive Brokers. Using other people’s money to invest can dramatically increase profits but can also exacerbate losses in the same way so it is not recommended for everyone.
Click on image below to enlarge.