> For the complete documentation index, see [llms.txt](https://docs.aries.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.aries.com/pricing-and-fee-schedule/margin-interest-rates.md).

# Margin Interest Rates

**`Tiered Margin Interest Rates`** 

Aries provides up to four times day-trade buying power and two times overnight buying power with a margin account. You must have at least $2,000 to qualify.

Interest on margin trading is calculated on a daily basis and paid on a monthly basis. The margin rate is variable and is determined by the size of the margin loan.

The margin rate is set at our discretion and is subject to change without notice.

| Balance                             | Annual Rate |
| ----------------------------------- | ----------- |
| <$1,000  with Einstein Subscription | 0%          |
| $0 -> $25,000.00                    | 9.24%       |
| $25,000.01 -> $100,000.00           | 8.74%       |
| $100,000.01 -> $250,000.00          | 8.24%       |
| $250,000.01 -> $500,000.00          | 7.74%       |
| $500,000.01 -> $1,000,000.00        | 6.74%       |
| $1,000,000.01  ->  $3,000,000.00    | 6.24%       |
| ＞$3,000,000.00                      | 5.24%       |

**`Short Selling Fees`**

For a short position, you need to borrow shares of a company before you sell them. The cost associated with a short sale is the fee for borrowing the stocks of said company. The stock loan rate changes on a daily basis based on market condition. Just as interest on margin trading, it is calculated on a daily basis and charged daily.

`Short Position Daily Margin Interest = The Daily Market Value of the Borrowed Stocks at Market Closes (times) Individual Stock Loan Rate (divided) 360.`


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