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Brand new to trading. I opened up a webull margin account on Monday and deposited funds yesterday after account was approved. I just got approved for the deposit, but the cash hasn’t settled yet (5-7 business days). I got notified that I had $1k provisional credit. If I buy with the credit and hold over a day, does it accumulate interest/fees as margin is usually borrowed? Or does it just subtract the stock value once the funds are actually settled with no fees?
Thanks!
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- 3 years ago
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