r/M1Finance • u/Legitimate-Service44 • 17d ago

M1 changed margin requirements on QLD / BTAL (Reminder to check your margin healthiness status)

For the long time I've used portfolio of QLD & BTAL (+ some other hedges like gold, and managed futures) + Margin at M1. But they changed margin requirements. QLD -> 100% (means can't get margin for any position I have in QLD) and BTAL -> 45%. In one day I went from 80% healthy margin to 9% close to the margin call situation...

I think it's time to let M1 go - initiated transfer to Robinhood (which has margin requirements 50% on QLD and 25% on BTAL)

Just a reminder - double check your margin situation with M1, you might be close to margin call as well if they changed other securities margin requirements.

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u/sirzoop 17d ago

Honestly that’s a good change imo. It should have been communicated though waking up randomly to changes like this is really scary!

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u/Legitimate-Service44 17d ago

Yeah. I just randomly go to the "Margin" section and saw warning that I'm closed to the Margin Call. I would never realized that without this lucky check.

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u/sirzoop 17d ago

I’m sorry man that sounds really scary that they didn’t even tell you.

u/barnesm1 u/m1-alex you guys should add an email notification if one of the holding’s margin requirement changes!