We’ve mentioned using a linked cash account to settle your trades at Opentrader.
But, if you have a margin loan account with the margin lender, Leveraged, you can choose to settle your trades via this account instead.
However, to do this, you need to open your Opentrader account, not via our online application process, but via a PDF application form – please select relevant form in our forms library at this link.
On that form, you’ll be given to option to settle your trades using an existing margin loan. Here, you’ll be asked to confirm the account details:
- Account name
- Facility number
- HIN (if applicable)
If you choose to settle your trades using your existing margin loan account, you won’t need to complete the next section about linked cash accounts.
Along with your completed account application, we’ll also need the following:
- Completed Leveraged third party authority form
- You’ll need to grant Opentrader with authority to check your stock & cash positions to minimise failed settlements. You can do this by leaving section 4 unticked.
- Please send this to us along with the rest of your Opentrader application
Using your Leveraged Margin Loan account on Opentrader
Please ensure that you have sufficient balance in your Leveraged account to cover your trades to avoid failed settlement fees.
If you have any questions or need help, don't hesitate to get in touch 🙋
You can reach us on live chat or over the phone on 1800 OT TEAM (1800 688 326 or +61 2 9055 4400 for overseas). We're available between 9:00 am and 5:00 pm (Sydney time), Monday to Friday. If we're away, just send us a message and we'll get back to you.