Search | Recent Topics
Author Message
tannguyen1
Newbie
[Avatar]

Joined: February 26, 2012 03:54:09 UTC
Messages: 2
Offline

If I have all of my money invested in to a specific market, without having any balance left in my account.

Would I still be charge the monthly fee or inactivity fee?

If I am to be charged, how would it work?
Intrade
Sage
[Avatar]

Joined: September 04, 2007 14:01:01 UTC
Messages: 2110
Offline

When you trade shares your cash balance is not debited the cost of those shares. Funds are frozen in your account to cover your potential loss, but nothing is applied to your cash balance until there is a profit or a loss.

For example, if you had $100 in your account and you bought 20 shares at $5.00 then your account balances would look like this:

Cash Balance: $100.00
Frozen (Invested) Funds: $100.00
Available Funds: $0.00

You have no more funds left to trade with, but you still have a cash balance of $100. The monthly fee is applied to your cash balance, not the available funds balance. This may mean your account carries a negative available balance (but not a negative cash balance) until you either deposit further funds or win some profits.
-----------------------------------
To protect yourself from identity theft never give out your Intrade login or password.
tannguyen1
Newbie
[Avatar]

Joined: February 26, 2012 03:54:09 UTC
Messages: 2
Offline

Thank you so much. I will weigh my options and ask questions if more come up. I'm just a small time investor at quite a young age, not sure what I want to do yet.
Intrade
Sage
[Avatar]

Joined: September 04, 2007 14:01:01 UTC
Messages: 2110
Offline

Not a problem. You should email help@intrade.com if you have any account-specific questions.
-----------------------------------
To protect yourself from identity theft never give out your Intrade login or password.
Go to:   
Powered by JForum 2.1.8 © JForum Team