3. Margin Account
A margin account can utilize margin to trade securities, as long as the total value of the account is above $2,000. A margin account can also utilize margin to short stocks.
If a Margin Account's net value is greater than $2,000, but below $25,000, TradeUP will limit the account's T+0 trades to 3 trades within 5 consecutive trading days. If the account operates a 4th T+0 trade, the account will be suspended from all trading for 90 trading days.
Once the account value returns to $25,000 or more, the account can start T+0 trades with no limitation.
TradeUP recognizes all open accounts as margin accounts, unless the account owner does not meet the age requirements. Regulations require that investors between 18 and 21 cannot open margin accounts.