In order to trade on margin or sell short, you must have $2,000 or more account equity. Accounts with less than $2,000 will not have access to these features and will be restricted to 1x buying power.
We are pleased to offer a competitive and low annual margin interest rate of 5.5% (check “Alpaca Securities Brokerage Fee Schedule” on Important Disclosures for the most up to date rate).
The rate is charged only on your account’s end of day (overnight) debit balance using the following calculation:
daily margin interest charge = (settlement date debit balance * 0.055) /360
For additional information on margin, please visit AlpacaDocs.