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Stock margin requirements

Options positions do not receive any credit or loan value against the securities held and therefore must be fully paid with cash.

Margin requirements for long positions on listed
Canadian and US stocks

Questrade client margin accounts are margined according to rules and guidelines set by Investment Industry Regulatory Organization of Canada (IIROC) and Questrade internal risk management protocols.

Buying power is set each morning based on your equity balance, less margin charges on positions held overnight.

Margin requirements on stocks and options positions held overnight:

Share price Margin requirements
· Reduced margin eligible securities* 30% of the market value
· Securities selling at $2.00 or more 50% of the market value
· Securities selling at $1.75 to $1.99 60% of the market value
· Securities selling at $1.50 to $1.74 80% of the market value
· Less than $1.50 100%
Margin requirements for over-the-counter (OTC) stocks
Over-the-counter stocks are generally not eligible for margin.
Credit requirements on short position

Selling stocks short is permitted only if shares are available to be shorted.

Share price Margin requirements
· Reduced margin eligible securities 130% of the market value
· Securities selling at $2.00 or more 150% of the market value
· Securities selling at $1.50 to $1.99 $3.00 per share
· Securities selling at $1.00 to $1.49 200% of market value
Margin requirement on concentrated positions
A concentrated position is created when the market value of one position (long or short) is greater than the equity in the account. The minimum margin requirement on a concentrated position is 40%.