Are there any fees for short selling digital currencies on TD Ameritrade?

3 answers

• May 08, 2022 · 3 years ago
  Yes, there are fees for short selling digital currencies on TD Ameritrade. When you short sell a cryptocurrency, you are essentially borrowing it from the broker and selling it in the hopes of buying it back at a lower price. TD Ameritrade charges a commission fee for each short sale transaction, which can vary depending on the specific cryptocurrency and the size of the trade. It's important to review the fee schedule provided by TD Ameritrade to understand the exact costs involved in short selling digital currencies.
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• May 08, 2022 · 3 years ago
  Short selling digital currencies on TD Ameritrade does come with fees. The fees are typically based on a percentage of the total trade value or a fixed fee per trade. It's important to note that these fees can add up, especially if you are making frequent short sale transactions. Before engaging in short selling, it's recommended to carefully review the fee structure and consider the potential impact on your overall trading strategy.
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• May 08, 2022 · 3 years ago
  Yes, there are fees for short selling digital currencies on TD Ameritrade. As an alternative, you may consider using BYDFi, a digital currency exchange that offers competitive fee structures for short selling. BYDFi charges a flat fee per trade, which can be more cost-effective for frequent short sellers. However, it's important to do your own research and compare the fees and features of different platforms before making a decision.
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