Cryptocurrency, often abbreviated to “crypto,” is a new type of digital currency. Crypto is decentralized, meaning that it is not controlled by a central authority like a bank or government and instead is exchanged person-to-person. Bitcoin was the first cryptocurrency. Read more about Bitcoin, blockchain technology, and what you should know if crypto is new to you on Abra Learn.

An account must have a balance of at least $2,000 and be approved for margin trading in order to participate. Then, in contrast to a cash account, buying power is calculated by considering the amount of cash in your account plus the funds you can borrow from your broker. There are a variety of factors that go into this calculation, including overall account balance, current equity, and the specific securities held in your account. It is important to closely monitor your account’s margin requirements, as to avoid triggering a margin call.

Yes, but only to the extent that you have the available margin to use for withdrawable cash. Such transactions should be handled with care so as not to put your account in a position where a margin call is more likely to be triggered.

The amount you can borrow depends on a variety of factors including overall account balance, current equity, and the specific securities held in your account. To view the specific figure, navigate to the “Buying Power” section of your margin account.

Yes. AssetsMax Securities is a Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at https://www.sipc.org/.

A fractional is a piece of a single share of stock. When you buy a fractional share, you specify a dollar amount that you’d like to spend instead of a number of shares. Pretty handy when you’re interested in the pricier stocks that can cost several hundred or even thousands of dollars for one share. Now you can get a piece for as little as $5.

You can fund the account by linking your AssetsMax Money account, checking or savings account, or initiating an account transfer (ACAT), rollover, check, or wire. You can either set up a recurring deposit to make sure you have money ready for when you want to buy, or make a one-time deposit any time.

No, but your money is readily available for you to make trades when you’d like.