SIE practice questionhardMargin Account Minimum
What is the minimum deposit required by FINRA to open a new margin account?
- A$2,000, unless the purchase is less✓ Correct answer
- B$500
- C$25,000
- DNo minimum required
Explanation
Why A — $2,000, unless the purchase is less
FINRA requires at least $2,000 to open a margin account, unless the purchase is for less. The $25,000 applies only to day trading.
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