At present, the industry financing interest rate is around 5%, and most brokers default to 9.35%. Very few brokers support a permanent rate of 5%, and there is no financial requirement for supporting online business operations on the Internet.

Before handling the margin account, you need to confirm the rate and handling method. After all, the credit account of margin financing and securities lending is unique. If you want to change brokers because of interest rate and other issues after opening an account, you can only close the account first and then open an account again. This process is also time-consuming.

2. Margin rate

The overall cost of securities lending is higher than financing, which is a risky business for brokers, and the securities sources of brokers with more securities sources are also limited. Most brokers default to 10.35%.

At present, very few brokers support special securities lending from 2.99%, and the overall cost of securities lending is between 6%- 10%. After all, the cost is high and the sources of securities are rare, which can be divided into free securities sources and external securities sources.

(1) own coupon source:

That is, the stock owned by the broker itself means that it is inversely proportional to the risk of the customer. Once lent to customers, customers earn, brokers may earn less, and even miss a good ticket opportunity because of lending to customers.

Therefore, the free source lending of securities firms actually has the nature of gambling with customers. Based on the different judgments on the direction of tickets, as well as the judgments on costs and benefits, it is decided that no matter how big the securities firms are, they will not have too many tickets, because they have to bear risks and even hedge risks.

(2) External voucher source:

Refers to the securities borrowed by securities companies from some customers, securities companies, Public Offering of Fund and other institutions. These securities have no big risk exposure, so there are many sources of these securities, but they cannot be borrowed at any time, and it takes at least T+ 1 day to be melted out, which greatly weakens the convenience.

Choosing a brokerage firm depends not only on the rate, but also on the interests of high-net-worth customers besides high-quality professional services:

1. 100w+ supports the application of quick quantitative trading system (QMT+Ptrade).

2.300w+ or above qualified investors support the application for professional edition to obtain firm offer authority.

3. Operating software supports logging in to third-party platforms, such as straight flush, pc-side communication, snowball and other apps.

4. Support application for VIP fast track, level 2, etc.