TESTIMONIALS
What are people saying?
I passed after twoand a half weeks of studying for the SIE. I am an industry veteran, though havebeen out of the securities business for over 10 years. It was really the logicof the exam simulator process and repetition that did the trick.
The exercises and exam simulator were brilliant! Forward andonward to Series 82!
Norman Hall. West Tisbury, MA
I took the SIE with Solomon Exam Prep and I have to say; the layout of the topics, the practice questions and the explanations of each subject matter is wonderful. They make it clear to follow and understand what the concepts are. Going back to re-try my Series 7 with them instead of my other book.
Ufy Sada, Morgan Stanley, Columbus, OH
After failing the SIE with a different study company, I passed after using Solomon! I then passed the S6, S63 and S65 on the first try after studying with Solomon materials! I loved how easy the material was to comprehend and the practice tests were amazing! I felt well prepared for each test! Thank you Solomon!
Sara Hays, State Farm. Atascadero, CA
Within a few months, I passed the SIE, Series 7, 63, 65, & 79 exams all on the first try using Solomon Exam Prep. This material will prepare you for the actual exam. I will say in many instances the practice exams are more difficult than the actual exam. Solomon and the various tracking metrics will more than help you prepare for the rigors of exam day. I highly recommend the practice exams and ability to dive back in to review weak areas. I will continue to use their products and services in the future.
Andrew Ezzat, Bank of America. Tampa, FL.
Passed SIE on the first attempt! The multi-prong study approach Solomon puts together - read, take notes, watch videos, practice tests, review - is very effective. By the time I had worked through the plan and used the reports to bolster my weak areas, I walked into the test center with high confidence. It took a lot of time and was hard work, but the test plan and materials made it possible.
Dave Stakland, Cambridge Investment Research. Fairfield, IA.
Just Passed the SIE! I started with the Kaplan study guide -read 3 chapters and fell asleep. I searched online for exam simulators like the ones I used for my IT certifications and came across the Solomon Exam Simulator. I started taking the chapter test over and over, some as much as 15 times. I spent a month of total study time and took the practice 85 question SIE exam 4 times with an average 58% score. I also took the FINRA practice exam 2 times. The results charts gave great insight on well I was master each subject. I used them day. I will tell you that the Solomon practice questions were a lot harder then the real exam. I think that made the difference. I took me just under an hour to complete the test. On the the Series 57- too bad Solomon does not have an exam simulator for that one.
Phil A. Frisco, TX
Read more reviews
FAQs
What Is Marginable? Marginable securities refer to stocks, bonds, futures, or other securities capable of being traded on margin. Securities traded on margin, paid for by a loan, are facilitated through a brokerage or other financial institution that lends the money for these trades.
How do you know if security is marginable? ›
Each brokerage firm can define, within certain guidelines, which stocks, bonds, and mutual funds are marginable. The list usually includes securities traded on the major U.S. stock exchanges that sell for at least $5 per share, though certain high-risk securities may be excluded.
What does it mean if a security is not marginable? ›
Non-marginable securities are not allowed to be purchased on margin at a particular brokerage, or financial institution, and must be fully funded by the investor's cash. Non-marginable securities are put in place to mitigate risks and control costs on stocks that are volatile.
What are marginable securities on Etrade? ›
E*TRADE from Morgan Stanley. 06/30/20. Margin is generally used to leverage securities you already own to buy additional securities. Margin allows you to borrow money from your broker-dealer in order to increase your buying power.
What is the minimum margin requirement for finra? ›
(4) 5 percent of the principal amount or 30 percent of the current market value, whichever amount is greater, of each bond "short" in the account. (5) The minimum maintenance margin levels for security futures contracts, "long" and "short", shall be 20 percent of the current market value of such contract.
What is the margin limit? ›
The margin limit is the amount of money brokers allow you to borrow. The margin limit is a percentage of the total value of securities in your account. For example, if your account has ₹1 lakh worth of securities, and your broker allows a 50% margin limit, he will lend ₹50,000 to buy securities.
What is not marginable? ›
Non-marginable securities include penny stocks, OTC stocks, and recent IPOs, as the securities tend to be riskier due to higher price volatility and lower liquidity. Using margin can amplify returns but significantly increases losses when the price of the underlying security does not move in the expected direction.
What is the minimum margin requirement? ›
Initial margin requirement
For new purchases, the initial Regulation T margin requirement is 50% of the total purchase amount. So if you wanted to buy $10,000 of ABC stock on margin, you would first need to deposit $5,000 or have equity equal to $5,000 in your account.
How do you calculate margin requirements? ›
For example, if you have $5,000 and would like to purchase stock ABC which has a 50% initial margin requirement, the amount of stock ABC you are eligible to buy on margin is calculated as follows: Buying power * 50% is less than or equal to $5,000. Buying power is less than or equal to $5,000 / 50% = $10,000.
Who determines which securities are marginable? ›
The margin agreement states that you must abide by the margin requirements established by the Federal Reserve Board, self-regulatory organizations (SROs) such as FINRA, any applicable securities exchange, and the firm where you have set up your margin account.
Understanding Minimum Margin
The minimum margin, which states that a broker can't extend any credit to accounts with less than $2,000 in cash (or securities) is the first requirement. Second, an initial margin of 50% is required for a trade to be entered.
Are Treasury bills marginable? ›
Bonds: Most corporate, treasury, municipal, and government agency bonds are eligible for margin borrowing. Margin ability and margin requirements are subject without advance written notice to change based on liquidity, bond ratings, concentrations, and other risk factors.
What is the minimum margin requirement for Etrade? ›
The minimum equity requirement for a margin account is $2,000. Please read more information regarding the risks of trading on margin. Futures margin, also known as a “performance bond,” is the amount of money you are required to deposit in your account to open and hold a futures position.
Are options a marginable security? ›
The option market value isn't counted toward margin equity because options are contracts, not actual equities. Because of this, you must maintain at least $2,000 in marginable equity in either cash or securities.
Are stock warrants marginable? ›
Warrants differ from rights in that they must be purchased from a broker for a commission and usually qualify as marginable securities.
What is a fully margined account? ›
A margin account allows a trader to borrow funds from a broker, and not need to put up the entire value of a trade. A margin account typically allows a trader to trade other financial products, such as futures and options (if approved and available with that broker), as well as stocks.
Are CDs marginable? ›
Which securities are marginable? Please note that some assets are not considered collateral for margin borrowing, including penny stocks, money market funds, certificates of deposit (CDs), annuities, and options.
Are mutual funds marginable securities? ›
Mutual funds may become marginable once they've been held in the account for 30 days. As a result, their mutual fund positions may be segregated into marginable and non-marginable holdings.
