1. Financing transaction
( 1 ) In financing transactions, investors use funds or securities in their securities accounts as pledges to borrow more funds from securities firms for securities purchases and repay the principal and interest within the agreed period.
( 2 ) After opening or upgrading to a margin account, investors can conduct financing transactions in Tiger Securities and enjoy up to 5 times leverage in a day .
( 3 ) After the financing transaction, you need to ensure that the account assets can meet the margin requirements, otherwise a margin call or forced liquidation may be triggered . When the "risk control status" of app is "extremely dangerous", which means the excess liquidity ratio is less than 5%, you will receive a margin call from the system. When the excess liquidity of your account is less than 0, your account may face forced liquidation.
( 4 ) The margin account supports cross-market financing. If you hold US cash and US stocks, you can directly purchase Hong Kong stocks, and if you hold Hong Kong cash and Hong Kong stocks, you can directly purchase US stocks.
( 5 ) If you have cross-market financing, the system will not initiate automatic exchange, and you need to exchange manually to avoid cross-currency financing interest.
( 6 ) Details of margin rate ： Pricing - Tiger Brokers
1. Securities trading
( 1 ) In securities lending transactions, investors use funds or securities in their securities accounts as pledges, borrow securities from a brokerage firm and sell them, and at a later time, buy the same amount and variety of securities back to the brokerage firm and pay the corresponding securities lending interest.
( 2 ) After opening or upgrading to a margin account, investors can conduct securities trading in Tiger Securities and enjoy up to 5 times leverage in a day.
( 3 ) The cost of short-selling securities is more complicated. Generally, the cost of short-selling securities is related to the degree of risk of the stock, the liquidity of the stock and the short-selling ratio (the number of stocks available for lending). The cost of securities lending is not fixed. .
( 4 ) Securities lending transactions may face the risk of short stocks being covered due to insufficient stocks available for lending or stock lenders recalling stocks.
( 5 ) Now, we only support US stock short selling . We don't support HK stock short selling.
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2. After the securities lending transaction, if the current number of stocks available for lending is insufficient, the broker may close the stock without notifying the client.
3. Not all stocks can be used for margin financing and securities lending. Click on the Financing and securities lending list - Tiger Brokers to view the stocks available for mortgage financing or short selling.