Can I trade on margin with Scottrade?

Yes, Scottrade offers margin trading to eligible customers. Trading on margin allows you to borrow funds from Scottrade to increase your buying power and potentially increase potential profits. However, it is important to note that margin trading involves greater risks and may result in substantial losses, as well as additional interest charges. Scottrade has specific requirements and guidelines for margin accounts, including minimum equity requirements and potential margin call situations. Before engaging in margin trading, it is strongly advised that you fully understand the risks involved and carefully review Scottrade's margin account agreement and applicable terms. It is also recommended to consult with a financial advisor to determine if margin trading is suitable for your individual financial goals and risk tolerance.