Summary of Robinhood rolls out high-risk margin trading in the UK after getting ...

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2024-10-23 15:15:18

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Summary of Robinhood rolls out high-risk margin trading in the UK after getting regulator nod

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Robinhood rolls out high-risk margin trading in the UK after getting regulator nod

Robinhood said Monday that it's rolling out margin investing — or the ability for investors to borrow cash to augment their trades — in the U.K.

https://www.cnbc.com/2024/10/21/robinhood-rolls-out-margin-trading-in-the-uk-after-regulator-nod.html

Robinhood is introducing margin trading in the U.K., allowing investors to borrow cash for trades using existing assets as collateral. This move follows approval from the Financial Conduct Authority. The platform offers competitive interest rates, aiming to make advanced trading tools more accessible to a broader customer base. However, margin trading carries risks, including potential dramatic losses if asset values decline. Robinhood has implemented safeguards, requiring a minimum cash deposit and customer opt-in for margin trading. Customers' uninvested cash is protected up to $2.5 million.

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2024-10-23 15:15:18

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