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TagsWhat is the cost of margin trading on Robinhood for cryptocurrencies?
Stanley MuiruriDec 18, 2021 · 3 years ago1 answersCan you provide detailed information on the cost of margin trading for cryptocurrencies on the Robinhood platform? I would like to know about any fees, interest rates, and other charges associated with margin trading on Robinhood.
1 answers
- Margin trading on Robinhood for cryptocurrencies comes with its own set of costs. While there are no commission fees for executing trades, Robinhood charges interest on borrowed funds. The interest rate varies based on the amount borrowed and the duration of the loan. It's important to note that the interest is calculated daily and added to the account balance. Additionally, there may be other charges such as maintenance fees or fees for specific types of trades. For more detailed information on the cost of margin trading on Robinhood for cryptocurrencies, it is recommended to visit their official website or contact their customer support for assistance.Dec 18, 2021 · 3 years ago
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