What is the difference between a cash and margin account?

A cash account requires you to pay for your buy orders, in full with cash, by the settlement date (three business days after your trade is executed). A margin account allows you to borrow against the loan value offered by the securities in your account. Visit the Margin Accounts page to learn more.

Ready to become a DIY trader?

Take control of your investing with a partner that values the same things you do.

Open an account