Should I open a margin or a cash account at Webull?
Asked 4 years ago
I'm looking to just get my toes wet for now. I understand the basics and know about options to buy and what shorts are, but I'm still in the learning phase. Advice would be great. Thank you
Andia Rispah Igobwa
Sunday, May 23, 2021
Cash and margin accounts have different rules.
In a cash account, you can only do transactions with the available cash.
But with a margin account, you can borrow cash against your assets. But a margin account has a minimum amount.
Therefore, going for a cash or margin account depends on your long-term goal.
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