Margin is a feature of your account that lets you borrow against the value of your holdings, giving you added flexibility -- both inside and outside your brokerage account held at Open to the Public Investing, Inc.
You can use a margin loan to:
Buy additional shares of stocks or ETFs
Withdraw cash to your bank account, just like a general-purpose loan
Members use margin loans for a wide range of purposes, including:
Home renovations
Purchasing property, whether in full or as a down payment
Large purchases (a car, equipment, etc.)
Planned expenses (travel, taxes, recurring bills)
All incoming funds -- whether a deposit, dividend/interest payment, or sale of a stock -- automatically reduce your margin balance.
Your account must hold enough marginable securities to support the loan you're requesting, and margin loans have unique risks. Changes in the value of underlying securities could result in significant loss, margin calls, and forced position liquidations.
Please review our margin disclosure for full details: Margin Risk Disclosure
For any questions, reach out to support@public.com!