How does TD Ameritrade charge shorting fees for digital currencies?
Nathalie KaviraNov 24, 2021 · 3 years ago3 answers
Can you explain how TD Ameritrade charges shorting fees for digital currencies? I'm interested in understanding the process and the factors that determine the fees.
3 answers
- Nov 24, 2021 · 3 years agoTD Ameritrade charges shorting fees for digital currencies based on the borrowing costs associated with the specific cryptocurrency. The fees can vary depending on the demand for borrowing that particular digital currency. Additionally, TD Ameritrade may also consider factors such as market volatility and liquidity when determining the fees. It's important to note that shorting fees can change over time and may differ for different cryptocurrencies.
- Nov 24, 2021 · 3 years agoWhen shorting digital currencies on TD Ameritrade, you'll be charged fees based on the interest rate associated with borrowing the specific cryptocurrency. These fees are typically calculated on a daily basis and can vary depending on market conditions. It's important to consider the potential costs of shorting before engaging in this trading strategy.
- Nov 24, 2021 · 3 years agoShorting fees for digital currencies on TD Ameritrade are determined by the market conditions and borrowing demand for the specific cryptocurrency. TD Ameritrade aims to provide competitive rates for shorting, taking into account factors such as interest rates and market liquidity. It's always a good idea to check the current fees before initiating a short position on TD Ameritrade.
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