FAQs  > Topic: Account Management
- Review and complete the Margin Account Agreement
- Fax to 312-284-4775, or scan and email to [email protected]
- Look for an email that your account has been upgraded. Typically, you’ll receive a decision within 24-48 hours.
Please note the following when applying for a margin account:
- All open orders will be cancelled.
- The account cannot have more than three open Good Faith Violations (GFVs).
- The account may be restricted from trading while this change is in process.
- A cash account cannot be converted to a margin account if the account is restricted due to too many Cash Substitution or Good Faith violations.
- All funds and trades must be settled.