Default
New accounts are cash unless a margin agreement is completed.
New accounts
Cash unless you add margin
Blotter figure
Illustrative buying power
Maintenance
Posted when the book is live
Agreement
Required before debit
Estimate
The buying-power figure on the blotter is illustrative.
Rates
Debit rates, maintenance, and house calls will be listed here.
Cash first
New accounts are cash. Margin is a written agreement: you can borrow against eligible positions, and the firm can sell positions if maintenance is not met. That agreement is not completed by ticking a box at registration in this build.
The buying-power figure on the blotter is an estimate so the screen has a number. It is not Reg-T buying power from a live margin book. Debit rates, maintenance, and house calls will be listed here when the book is on. Until then, do not treat the figure as credit.