How does TD Ameritrade calculate the margin interest per day for cryptocurrency trades?

3 answers

• alzari bedjoSep 02, 2024 · 10 months ago
  Sure! TD Ameritrade calculates the margin interest for cryptocurrency trades by taking into account the borrowed amount, the interest rate, and the number of days the trade is held. The formula used is: Margin Interest = (Borrowed Amount * Interest Rate) / 365
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• Desai BeierAug 09, 2024 · a year ago
  TD Ameritrade calculates the margin interest per day for cryptocurrency trades based on the daily average borrowed amount and the applicable interest rate. The interest is calculated on a daily basis and added to the account balance at the end of each day.
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• Loann Cosano AlcudiaMay 03, 2021 · 4 years ago
  When it comes to calculating the margin interest per day for cryptocurrency trades, TD Ameritrade follows a simple formula: Borrowed Amount * Daily Interest Rate. This calculation is done on a daily basis and the interest is added to the account balance at the end of each day. It's important to note that the interest rate may vary depending on the specific cryptocurrency being traded.
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