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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: Gorak Shep who wrote (7757)4/7/1998 3:25:00 PM
From: Mike  Read Replies (1) | Respond to of 16892
 
Hi all,

I just opened an account at Datek. May I ask you guys a question?
The trade (order) page doesn't ask whether I want to trade on margin
or cash, does this mean that the trade will automatically be placed on margin? (My account is margin-enabled.) If it is, do they charge interest if I leave the position overnight(even though I have enough cash to cover it), i.e., will they charge 7% on my position and pay me 4% on cash?

Thanks a lot to all.

--Mike


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