SIE practice questionhardOrder Types in Margin Accounts
Which orders may a customer place in a margin account?
- ALimit orders only
- BMarket orders only
- COnly covered call orders
- DMarket, limit, stop, and stop-limit orders✓ Correct answer
Explanation
Why D — Market, limit, stop, and stop-limit orders
All standard orders (market, limit, stop, stop-limit) can be entered in margin accounts. The account type does not restrict the basic order types.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Spot an error in this question or explanation? Tell us — we fix these fast.
Related Account Types questions
- What is the minimum deposit required by FINRA to open a new margin account?
- The beneficial owner(s) of a corporate brokerage account is/are typically:
- A trustee can only trade securities in a trust account if:
- Which retirement account prohibits the use of margin for purchasing securities?
- A new client wants to open an account in which all securities purchases must be paid for in full by the settlement…
- If a married couple holds an account as tenants in common (TIC), and one spouse dies, what happens to their share of…
- Which of the following account types allows an investor to borrow money from the broker-dealer to purchase securities?
- A trustee managing an account for a trust is authorized to: