Is Margin trading allowed in Fidelity Youth account?
Here’s a summary of the main problem and the solutions discussed:
- Main Problem: The user, AverageBusinessMan, inquired whether margin trading is permitted for youth accounts.
- Solution: Fidelity confirmed that margin trading is not allowed for youth accounts.
- Additional Information: Youth accounts permit trading of certain publicly traded securities, excluding margin, penny stocks, leveraged or inverse ETFs, international stocks, and extended-hours trading.
- Resource Provided: A link to the Youth Account FAQs for more detailed information on securities available for investment.
Here’s the full thread
Hey Fidelity, I have a youth account and was wondering if margin trading was allowed for youth accounts.
Hi, @AverageBusinessMan!
Thank you for reaching out to us through Discord. Currently, Youth accounts do not support margin trading.
Youth Accounts allow teens to buy and sell certain publicly traded securities in the United States. This includes most exchange-listed National Market System (NMS) securities and all Fidelity mutual funds. They are restricted from using margin or trading penny stocks, leveraged or inverse ETFs, international stocks, and trading during extended-hours market sessions. For a complete list, follow the link below and scroll down to “What securities is my teen able to invest in?”
Youth Account FAQs: https://www.fidelity.com/go/youth-account/faqs
Please let us know if you have any other questions.
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Thanks!