I have a margin account with less than 2K, so I don't get to leverage any margin as of yet. I've read somewhere that you can day trade with some brokers all you want using just cash and no margin. Is that true with TD Ameritrade? Or do Day Trades/PDT Rule still apply when only using cash?
Dear BitMax.io Users, Community Members, and Supporters, Happy New Year! In the past year, BitMax.io has grown rapidly alongside the blockchain ecosystem. Ariel and I strongly believe that strategic differentiation is key to BitMax.io’s pursuit of challenging the status quo within this highly competitive and fast-moving industry — especially as many of the larger incumbent platforms expand their product offerings. Throughout the year, the BitMax team has worked tirelessly to establish the platform as an emerging industry leader by exemplifying client-centric team spirit, delivering innovative products, and optimizing system architecture. With our effective implementation, the platform has achieved remarkable progress in the past year. Some key milestones from 2019 are as follows: January: · Introduced Airdrop Multiple Cards for platform users with 3x standard airdrop rewards associated with select project listing activities. February: · Launched an innovative margin trading with key differentiations: cross-asset collateral for funding flexibility, borrow & repay directly through trading, and 0% interest on margin borrow with 8-hour repayment for potential higher profitability. Since the launch, margin trading coverage has expanded for a broad range of assets including ALGO, CKB, ATOM, MATIC, ONE, XTZ, LINK, and BTT as well as many popular platform tokens, and stablecoins. March: · Conducted first auction on the platform to purchase BOLT at a discounted price. · Implemented accelerated BTMX release function for private sale participants. · Enabled BTMX margin trading under the trading pairs of BTMX/USDT and BTMX/BTC. April: · Announced support of BNB mainnet swap. · Upgraded BTC wallet system with new deposit address. · Optimized margin trading functionality and adjusted BTMX max leverage for margin trading. May: · Strengthened global management bench with Shane Molidor joining as Global Head of Business Development to further drive and catalyze institutional market penetration. · Hosted the world’s first Global Digital Impact Night in New York City with over 200 participants including top-tier investors, project teams, industry influencers, journalists, and community members / leaders. · Announced permanent lock-up of three billion BTMX Tokens. · Enabled trading for private sale portion of BTMX (BTMXP) under the trading pairs of BTMXP/USDT and BTMXP/BTC. June: · Introduced industry-first Volatility Cards to predict short-term price movements on various digital assets. The design of volatility cards is derived from traditional Wall Street volatility products with quasi-option structures. August: · Announced a strategic partnership with UltrAlpha, a professional digital asset management service platform and launched a new blockchain-focused incubator fund, B-Tech, to drive expansion beyond transaction facilitation and further round up the BitMax.io comprehensive ecosystem. September: · Discontinued Transaction Mining & Reverse-Mining modes and successfully transitioned into the next phase of business expansion and platform growth. October: · Hosted BitMax.io’s one-year anniversary ceremony. · Launched BTMX investment product. · Implemented a new tiered VIP Fee & Rebate structure for enhanced trading efficiency on the platform. The new structure allows users to receive up to a 2.5 bps (0.025%) rebate for providing liquidity on the platform (“maker) while charging as little as a 1.5 bps (0.015%) fee for taking liquidity (“taker). November: · Announced strategic investment in ChainDream to support the blockchain education. · BitMax.io’s Canadian business entity received approval from Canadian regulatory agency FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) for its application for Money Services Business (“MSB”) license. This indicates BitMax.io’s keen focus on compliance in the critical North American demographic. · Partnered with Prime Trust, US regulated trust entity, to offer over-the-counter (“OTC”) trading solution for users to execute large fiat-to-digital asset transactions through Prime Trust platform. · Introduced a credit/debit card payment offering through a partnership with Simplex. December: · Completed system testing of new derivatives platform with initial offering of perpetual contracts to expand BitMax.io’s trading products from cash and margin trading to more sophisticated leveraged trading. Currently, BitMax.io supports margin trading for 46 assets and offers spot trading across 191 trading pairs. The platform has over 500,000 registered users across the globe with an average daily trade volume in excess of $70 million. None of those would be possible without the continued support of the dedicated BitMax.io communities, users, and supporters like you! With the new year around corner, Ariel and I are as enthusiastic and as committed as ever to continue executing on our strategic vision in building an institutional-grade financial platform with an innovative suite of trading products and best-in-class client services. Here’s a high-level preview of the platform’s 2020 strategic plan: Comprehensive Product Offering: Launch of staking & validation services, derivatives trading, and other value-added offerings to expand current spot and margin trading. Improvement of OTC Services: Enhancement of over-the-counter (“OTC”) trading services with personalized customer support, tighter spreads, and more efficient settlement process for a seamless fiat on-ramp experience for global users. Institutional Client Acquisition: Accelerate institutional client penetration and onboarding for greater marketplace efficiency with deeper liquidity and tighter spreads from a globally diverse range of trading counterparties. Relentless Global Compliance Effort: Continue our global compliance program implementation with strong risk-control mindset and stay current close eye on the ongoing evolvement and development of global regulatory framework in preparation of new market entry. Continued Strategic Collaboration: Form strategic partnerships with more existing and emerging industry players to further expand the BitMax ecosystem on a global scale. In the past year, we laid down a solid foundation and built a sustainable path for growth. Now, we are even more optimistic and excited about what the future holds for BitMax.io. Of course, there will be challenges, but our BitMax.io team are confident we will sail through them and continue putting clients first and driving innovation to maximize our potential. Our dedicated team, Ariel, and I love our jobs and will continue our pursuit of excellence. 2020 will be a breakout year for BitMax.io! We sincerely wish you and your families a happy, healthy, and productive 2020. George Cao, CEO, along with Ariel Ling, COO, and entire BitMax.io team original article posted: https://medium.com/bitmax-io/2020-new-years-message-from-george-and-ariel-ea5c7a12be43
BitMax.io (BTMX.io) Weekly Update (September 21 — September 27, 2019)
As of 5:00 a.m., EDT, Sep. 27th, 2019, according to data reported on BitMax.io (BTMX.io) website: Maximum BTMX Circulation: 789,991,613 BTMX Unlocked: 241,705,787 BTMX Temporary Lock-up: 548,285,826 BTMX
· Added “Transfer History” under “My Asset” to both H5 and Web-end · Added special note on FSN Deposit & Withdrawal page — “With the completion of FSN MainNet token swap, BitMax.io now only supports FSN deposit to MainNet address. Please select MainNet as the chain type when you send FSN tokens to BitMax.io” · iOS & Android APP Update — Latest Version 1.4.7 - Optimized 2FA function - Optimized FSN Deposit & Withdrawal notification - Optimized web request - Fixed other reported bugs · 9/24 — Successfully concluded the “THORChain (RUNE) Auction — 50% Price Discount” event from 7:00 a.m. to 8:00 a.m. EDT; 15,000 RUNE sold by 2581 BTMX · 9/24 — Listed THORChain (RUNE) under the trading pair of RUNE/USDT and enabled trading by 10:00 a.m. EDT · 9/25 — Enabled new trading pair of XTZ/USDT by 10:00 a.m. EDT · 9/26 — Enabled 3X margin trading of XTZ/USDT, XTZ/BTC and XTZ/ETH by 10:00 a.m. EDT · 9/26 — Listed Qtum（QTUM）under the trading pairs of QTUM/USDT, QTUM/BTC at 10:00 a.m. EDT
· 9/28 — To host offline meetup with ChainDream at Hilton Hotel in Chengdu, China · To update webpage design of both Cash and Margin trading
Is it possible to open up a margin account and trade off a cash account?
Sorry if this has been asked before, but I am Canadian and for thinkorswim in Canada, you must have 5k USD in deposit and open up a margin account. I myself am not ready to trade with margin yet.. Therefore, is it possible to just open both accounts, One margin and one cash.. deposit the 5k in the cash, get the live quotes and trade off the cash account?
So I’m getting a lot more confident in my trading and I really want to say trade but I don’t have 25k. With a Robinhood Gold account would you be able to have 12.5K in Cash and 12.5K in Margin to meet the minimum? Or does it all have to be your own cash and securities?
Can someone explain what is margin trading and what is cash trading. I have some bitmax and want to see what I can do to help it grow in value but don’t want to loose money by adding it to cash or margin account if it’s going to decrease in value..
Trading on margin. Buying securities on margin allows you to acquire more shares than you could on a cash-only basis. If the stock price goes up, your earnings are potentially amplified because you hold more shares. Conversely, if the stock moves against you, you could potentially lose more than your initial investment. When it comes to trading stocks, they can be bought and sold in two major account types known as cash and margin. Most of us are familiar with cash accounts as all IRAs are setup this way. However, with taxable accounts, margin can be employed to enhance returns. To better understand this, let's walk through these two important account types and work through a couple of examples. Parking Violation: The illegal practice of an acquiring company concealing ownership of the target company by holding stock under a related third party before attempting corporate takeover. So before you decide whether you want a cash account or a margin account, take a look first at your investment and trading strategy and your risk tolerance. StocksToTrade—now better than ever! We ushered in the New Year with some major advancements that include 3 unique features, exclusive to our Platform. Margin trading amplifies the performance of a portfolio, for better or worse. There's the potential to make more money, compared to a cash-only stock trade, but margin trading also introduces the possibility that you lose more than you initially invested.
In this video I explain the pros and cons of using a cash or margin account Sign up for a 1 month free trial of the charting platform I use: https://tradingv... The ultimate guide to cash vs margin accounts. If you currently have trouble deciding between these two account types, this video should help you with your d... What is margin trading? What is a margin? What is the difference between a cash account and a margin account? In episode #34 of Real World Finance we dive de... Have you always wondered what it means to trade on margin? In this video, you’ll learn what margin trading is and if it is a strategy that could help you ach... In Cash Trading, you pay entire amount for the stock purchased and does not take any money from the broker. In Margin Trading, you pay amount as per the Margin provided your broker. FREE INTRADAY ...