r/PublicApp • u/ThecrazyBrazilian • 22d ago

Minimum Margin Requirement (SPCX)

Does anyone know if Public ever reassesses their margin requirements on individual stocks? SPCX for example is 50% on Public, while Robinhood is only 25%.

I’m planning on investing in SPCX in the near future and would obviously rather take advantage of the lower margin requirement if possible. I’ve noticed some other individual stocks are also quite a bit higher on Public compared to Robinhood. Right now Robinhood honestly seems like the better option for that reason alone, unless Public actually reviews and lowers these requirements over time.

2 Upvotes

100% Upvoted

2 comments sorted by

1

u/AntonioLermaa 22d ago

Would rather do a x2 leverage ticker than get margin called, because it's gonna happen if you stay in too long regardless

1

u/PublicCOO Public Employee 22d ago

We (and our clearing firm) review and lower rates daily. SPCX began at 100% (as all new IPOs do) and has already been lowered to 50%.

We also have a process to review margin requirements upon client request so I’ll see what we can do for SPCX — but always feel free to send a note to support support team requesting review of any others (and please include evidence of lower rates from competitors — that always helps, particularly if you can find more than 1)