Sorry read the fine print of the agreement. Enrolled members get a maximum of 2x margin and if you are deemed a pattern day trader you are automatically removed from the program.
am i able to use this account as a traditional savings account? as in simply use it to save maybe an emergency fund that can accrue interest overtime and eventually take it out when needed?
@@olegsenchenkowrong I read the disclosures and it said if they see you don’t plan on using the money in the account for investments they have the right to terminate the account
I see Webull says no fee for ach transfer but when I wanted to use the cash management it says will charge me a 5 handling fee for deposit. Is it normal and were you charged the handling fee? Thank you.
thank you i think I might have read the text wrong. it said if xxxxx: 5 handling fee charged. but the font is too small and light in color lol@@olegsenchenko
@@olegsenchenko i just got into this and click on your vid. I have X amount of buying power uninvested and signed up for it. its it automatic, or do i have to do another transfer?
@@erick4886 you shouldn't need to do any transfers if you signed up for it and have uninvested cash, you can reach out to them or just check your cash management it might show some accruals already
Sorry read the fine print of the agreement. Enrolled members get a maximum of 2x margin and if you are deemed a pattern day trader you are automatically removed from the program.
If I was good at day trading I wouldn’t need 5%
Thank you for the info
If it is in the apy account? Can i still trade options and sell and it will just flow in and out of that account?
Do you get an ATM card and can you write checks? Old school I know
As far as I know you don't and you can't
hmm im getting an error after signing a esignature
Can i cash out anytime or do i have to leave it of a year?
Any time
can i earn the 5% in a margin account as well?
Theres got to be some risk
Thank you
am i able to use this account as a traditional savings account? as in simply use it to save maybe an emergency fund that can accrue interest overtime and eventually take it out when needed?
Yes, I did for a couple of months
@@olegsenchenkowrong I read the disclosures and it said if they see you don’t plan on using the money in the account for investments they have the right to terminate the account
Please for tutorial on oneart on venom new task
I see Webull says no fee for ach transfer but when I wanted to use the cash management it says will charge me a 5 handling fee for deposit. Is it normal and were you charged the handling fee? Thank you.
ACH should be free I didn't have any handling fees...weird
thank you i think I might have read the text wrong. it said if xxxxx: 5 handling fee charged. but the font is too small and light in color lol@@olegsenchenko
So if I have 5,000 invested into shares will I still receive the 5%?
No, it's 5% on uninvested cash
Whats the catch there has to be a catch. What happens if the econony crashes? It sounds too good to be true.
the same thing that is going to happen if you just have dollars sitting in checking or a saving account
Let’s say I have a $10k account and I use the $10k buying power everyday. So still I get 5%.
As long as you are signed up and have cash in there everyday it should accrue at 5% APY
@@olegsenchenko i just got into this and click on your vid. I have X amount of buying power uninvested and signed up for it. its it automatic, or do i have to do another transfer?
@@erick4886 you shouldn't need to do any transfers if you signed up for it and have uninvested cash, you can reach out to them or just check your cash management it might show some accruals already
So for $7000 you can make $1 a day? What a joke!!! Can’t even buy a candy bar with them type profits lol
I mean it is a joke, but it is better than a traditional savings that gives you a whopping 0.10%
It is an option to keep money doing something if you drop some stocks and chill during a turbulent period.
5% isn't a bad rate for no risk investing.