What account types are available with Sterling (Lime Pro)?

The account can either be a Day Trading account or a Portfolio Margin Account.

 

Day Trading Accounts are margin accounts offered for qualifying customers with a minimum balance of $50,000 or higher for this offer. FINRA rules stipulate that “Day-Trading buying power” means the equity in a customer’s account at the end of the prior day minus any maintenance margin requirement, multiplied by 4, this is available Intraday. Regulation T governs margin accounts and allows for Margin based on strategy, and typically requires investors to have 50% of the trade value for overnight equity positions although special regulatory or broker requirements may apply for specific securities, and some securities may not be marginable. Clearing is through Wedbush Securities. Please read our Day Trading Risk Disclosure for more information on the risks of day trading.

• Intraday – 4x Cash Buying Power (25% Requirement) 
• Overnight – 2x Cash Buying Power (50% Requirement) 

Portfolio Margin is a margin account type that is based on a sophisticated, risk based margin calculation that takes into account the overall risk to the portfolio under various scenarios assuming increases or decreases in the value of those securities. This type of margin in general allows greater leverage than available in a Day trading account. Accounts are offered for qualifying customers with a minimum balance of $1,000,000 or higher. Factors in the table below are based on standard rate equity leverage although special regulatory or broker requirements may apply for specific securities, and some securities may not be marginable. 

• Intraday - $1MM+: 6.67x Cash Buying Power (15% Requirement); $5MM+: 8x Cash Buying Power (12.5% requirement) 

• Overnight - $1MM+: 5.57x Cash Buying Power (18% Requirement); $5MM+: 6.67 Cash Buying Power (15% requirement) 

 

(Clearing is through Wedbush Securities)