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Margin Requirements & Concentration Guidelines

The following guidelines apply to TD Direct Investing margin accounts. Additional requirements may apply depending upon the specific transactions and positions in your account. For more information, please review the Margin Disclosure Statement below and a few examples of Margin Calculations.


ExpandCanadian/U.S Listed Equity and ETF Securities

Margin Requirement Concentration Guidelines
30% $1,500,000 Loan Value
50% $750,000 Loan Value
65% $250,000 Loan Value
75% $100,000 Loan Value
100% Not Applicable

Canadian Listed Equity and ETF Securities Margin Requirement
TSX listed/IIROC Approved list ($5.00+) 30%
TSX listed ($3.00+) 50%
Double Leveraged & High Yield ETF ($3.00+) 65%
TSX Venture ($3.00+) 75%
Securities under $3.00 100%

U.S Listed Equity and ETF Securities Margin Requirement
Options eligible securities ($5.00+) 30%
Listed securities ($3.00+) 50%
Double Leveraged & High Yield ETF ($3.00+) 65%
Securities under $3.00 100%
OTC Listed securities 100%

ExpandSecurities With Higher Margin Requirements

ExpandForeign Securities

ExpandMutual Funds

ExpandBonds

ExpandMoney Market

ExpandPrecious Metals (Certificates)

ExpandOther

ExpandOptions

ExpandShort Selling Equity, Bonds and ETF Securities

ExpandUncovered Option Concentration Limits


ExpandMargin Disclosure Statement