TradeUPannounces an annualized 1.99% flat margin rate, lower than any other online $0 commission broker in the market.
TradeUP Securities provides a cutting-edge and intuitive trading platform for on-the-go traders. This week, the online broker has announced that it is offering an unprecedented annualized flat margin rate of 1.99%. This is less than any other $0 commission broker currently serving the online community.
For comparison, M1 Finance promotes a margin rate of 2%, but this requires regular membership payments. Robinhood likewise offers 2.5%, but this is also behind a subscription paywall.
Other established brokers offer even tougher margin rates. Moomoo and Webull have margin interest rates of 6.8% and 6.99%, respectively. Fidelity, Charles Schwab, and TD Ameritrade all utilize margin rates well above 8%. TradeUP is leading the pack with the lowest margin rate of all the $0 commission brokers available online, without any extra subscription fees.
TradeUP does not require users to maintain a minimum account balance to trade stocks, allowing aspiring investors to invest with whatever amount they can afford. Only trading on margin requires a minimum account balance ($2000). This, combined with the unheard-of 1.99% flat margin rate allows traders to borrow more while paying less. By essentially lowering the barrier for entry into trading, TradeUP is enabling more investors to seek financial success.
TradeUP believes in empowering people with the tools they need to build financial wellness. Combining its zero-commission business model, advanced research platform, and efficient trading tools with thenew 1.99% flat margin rate is another big step towards becoming the preferred online broker for a new wave of investors.
- 1.99% flat margin rate
- No minimum account balance
- Zero commissions
- One-on-one live chat customer service
- Powerful mobile, web, and desktop application
- Extensive market research tools
Brokerage services in TradeUP are offered by TradeUP Securities, Inc. which is a broker-dealer registered with the SEC and member of FINRA and SIPC.
Address:101 EISENHOWER PKWY #105, ROSELAND, NJ 07068
Office Hours:Monday 9am (EST) to Friday 5pm (EST)
Securities and derivatives transactions involve risk of loss, including loss of principal, and may not be suitable for all investors. Past performance does not guarantee future results. Nothing contained in this material is, or should be construed as, an offer, a solicitation of an offer or an invitation to buy or sell any security or derivative. Rewards in this campaign are offered by TradeUP Securities, Inc. (“TradeUP Securities”). TradeUP app is the trading platform offered by TradeUP INC. Security brokerage service is provided by TradeUP Securities. TradeUP Securities is a member of FINRA and SIPC, for further information, please refer to FINRA BrokerCheck and SIPC insurance coverage.