All customers are required to open a margin account with Frec. Each customer is limited to one margin account per account type. For example, an individual account would be one account type. Keep in mind margin accounts allow margin lending and can include additional risks. We encourage you to read Frec’s Margin Disclosure before borrowing.
A margin loan gives you access to additional money based on the value of certain securities in your brokerage account. It's an interest-bearing loan that can be used for a variety of investment and non-investment related needs.
In order to access margin loans at Frec, your account value has to be greater than $2,000.