Your available buying power for a security can differ from your full buying power, depending on the security you are trading and how concentrated your portfolio is in that security.

The initial requirement for a marginable security is the minimum amount you must have to cover the trade before investing on margin, which is generally 50%.

Keep in mind, certain securities, including those in which you have a concentrated position or that are more volatile, may require a minimum amount that is more than 50% to cover the trade.

Your available buying power for these securities is reflected on the security’s detail page and during the process of making the trade.

Margin borrowing increases your level of market risk, as a result it has the potential to magnify both your gains and losses. Before using margin, customers must determine whether this type of strategy is right for them given their investment objectives and risk tolerance. Regardless of the underlying value of the securities you purchased, you must repay your margin loan. Robinhood Financial can change its maintenance margin requirements at any time without prior notice. If the equity in your account falls below the minimum maintenance requirements (varies according to the security), you’ll have to deposit additional cash or acceptable collateral. If you fail to meet your minimums, Robinhood Financial may be forced to sell some or all of your securities, with or without your prior approval. For more information, review Robinhood Financial’s Margin Disclosure Statement, Margin Agreement and FINRA Investor Information.