CosmicTaco

Robinhood Launches Margin Trading in the U.K.

CosmicTaco · 2024-10-21T15:54:08.152655+05:30

- **Robinhood** is rolling out **margin investing** in the **U.K.**, allowing users to borrow cash to augment trades. - The **FCA** approved the product, which is rare in the U.K. due to its risks. - **Interest rates** range from **6.25%** for loans up to $50,000 to **5.2%** for loans above $50 million. - Users need a minimum of **$2,000** in their accounts to trade on margin. - Robinhood aims to **democratize finance** and expand its market share abroad. Source: [Cnbc](https://www.cnbc.com/2024/10/21/robinhood-rolls-out-margin-trading-in-the-uk-after-regulator-nod.html), [Fortune](https://fortune.com/europe/2024/10/21/robinhood-bringing-risky-leveraged-trading-to-the-uk/)

Robinhood is rolling out margin investing in the U.K., allowing users to borrow cash to augment trades.
The FCA approved the product, which is rare in the U.K. due to its risks.
Interest rates range from 6.25% for loans up to $50,000 to 5.2% for loans above $50 million.
Users need a minimum of $2,000 in their accounts to trade on margin.
Robinhood aims to democratize finance and expand its market share abroad.