Intraday margin may give you up to twice the buying power you get with standard margin during regular market hours, 9:30 AM to 4:00 PM ET on trading days. Positions that use intraday margin must satisfy standard overnight margin requirements to remain open after market close. If a position is still open after market close and you don’t meet those requirements, you may be issued a margin call.

Enabling intraday margin buying power increases leverage and market risk, and can magnify gains and losses including losses greater than your initial investment. Review the Intraday Margin Disclosure for details.

To use intraday margin, you need:

• A self-directed individual or joint margin account
• To be approved for margin investing
• At least $2,000 in account equity

1. Select Account (person icon) → in the app, Menu (3 bars)
2. Select Investing
3. Under Margin investing, select Margin investing settings
4. Select Intraday buying power and follow the prompts to enable or disable

During market hours, intraday buying power appears under your Buying power balance. When you place an order that goes beyond your standard buying power, the order screen lets you know it will use intraday buying power. A few things to note:

• Intraday buying power is available only during regular market hours, not in extended-hours or 24 Hour Market sessions.
• You can use it with good-for-day orders. Good-till-canceled orders can use only your standard buying power.
• You can't queue orders for the next market open with it.
• You can't use it for recurring investments.
• You can use it to buy fractional shares, buy stocks, or sell stocks short.

When you use intraday buying power, your standard margin buying power will display as a negative value. This is the amount you need to restore by market close to avoid a margin call. You can restore your buying power by closing positions or depositing funds.

To view more details about your intraday buying power:

1. Select Buying power from your investing home screen
2. Under Intraday status, select View details

From here, you’ll see the time left until market close, your amount to restore, and how much each position would add to your buying power if you close it.

Intraday buying power ends when the market closes at 4:00 PM ET. On days when the market closes early, intraday buying power ends at the early close. After market close, standard margin requirements apply to your account.

You may receive a margin call or intraday margin deficit if you don't restore your buying power before the market closes. To resolve this, you can deposit funds or close positions. While you are in a call or deficit, Robinhood may close positions in your account to help satisfy it.

Get alerts before market close

Push notifications can alert you if you're still using intraday buying power as market close approaches. These are enabled by default and can be managed by following these steps:

1. Select Account (person icon) → in the app, Menu (3 bars)
2. Select Settings
3. Select Notifications → Push notifications
4. Under Margin investing, select Intraday status
5. Under Notification times, toggle on/off times

Your account may be limited to cash available trading for 90 calendar days if you repeatedly don't resolve an intraday margin deficit, which can occur when you're still using intraday buying power at market close.

While your account is limited to cash available trading:

• Your buying power is limited to the cash in your account.
• You can't borrow on margin, including using intraday buying power.
• You can't open new short positions or increase existing ones.
• You can still close positions, including buying to close a short position.

To avoid this restriction, resolve any intraday margin deficit promptly by depositing funds or closing positions.