Access the lowest margin rates among leading brokerages
Increase your buying power with the lowest range of margin rates among leading US brokerages.*
Sign upMargin investing increases your level of risk and has the potential to magnify your losses, including loss of more than your initial investment. Please assess your investment objectives and risk tolerance to determine whether margin is appropriate for you. You must repay your margin debt regardless of the underlying value of the securities you purchased. Public Investing can change its maintenance margin requirements at any time without prior notice. If the equity in your margin account falls below the minimum maintenance requirements, you may be required to deposit additional cash or securities. If you are unable to do so, Public Investing may sell some or all of your securities, without prior approval or notice. For more information please see Public Investing's Margin Disclosure Statement, Margin Agreement, and Fee Schedule.
| Compare the base margin rates from leading US brokerages Compare the base margin rates from leading US brokerages | |
|---|---|
|
Public | 5.65% 5.65% |
| Robinhood Robinhood | 5.75% 5.75% |
| Interactive Brokers lite Interactive Brokers lite | 6.83% 6.83% |
| Fidelity Fidelity | 12.57% 12.57% |
| Vanguard Vanguard | 12.75% 12.75% |
| Charles Schwab Charles Schwab | 12.57% 12.57% |
| E*TRADE E*TRADE | 13.20% 13.20% |
*Top and bottom of Public Investing’s range of margin rates either matches or is lower than the comparable rates of other leading US brokerages, as listed on their websites as of 8/27/25. Competitor rates subject to change. For this comparison, “leading US brokerages” are considered to be publicly traded brokerage firms or firms with significant brand recognition and a substantial market share
Borrow for less.
Across the board.
| Margin Balance Margin Balance | Interest Rate Interest Rate |
|---|---|
| Up to $50,000 Up to $50,000 | 5.65% 5.65% |
| $50,001 - $100,000 $50,001 - $100,000 | 5.50% 5.50% |
| $100,000 - $1M $100,000 - $1M | 5.25% 5.25% |
| $1M - $10M $1M - $10M | 5.00% 5.00% |
| $10M - $50M $10M - $50M | 4.95% 4.95% |
| $50M+ $50M+ | 4.70% 4.70% |
*See Fee Schedule and margin risk disclosure for additional details.
Expand your options trading playbook
Level 3+ options traders with margin investing enabled can access advanced strategies, including credit spreads, butterfly spreads, and iron condors.
Options trading entails significant risk and is not appropriate for all investors. Review Options Disclosure Document here theocc.com/company-information/documents-and-archives/options-disclosure-document. Review Options Rebate Terms here. There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade. Definitions of options trading strategies can be found in public.com/glossary/options-trading. Iron condor is a multi-leg options strategy consisting of a bull put spread and a bear call spread.
Access our API for
programmatic trading
With the Public API, you can tap into real-time market data and automate your trading—all while earning rebates on your stock and ETF contracts.
Learn moreOptions trading entails significant risk and is not appropriate for all investors. Review Options Disclosure Document here: theocc.com/company-information/documents-and-archives/options-disclosure-document. Review Options Rebate Terms here: public.com/disclosures/rebate-terms. There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade.
Have questions? Find answers.
What is margin investing?
Margin investing on Public enables you to increase your buying power by leveraging the stocks and bonds in your portfolio as collateral for a loan. When you invest on margin, you can capitalize on market opportunities and acquire more assets than with cash alone, potentially amplifying your gains.
How do margin interest rates work on Public?
When you enable margin investing on Public, we charge an interest rate that varies depending on your margin/debit balance and the upper limit of the Federal Funds Target Range. Rates are calculated using a set formula, which may change over time to reflect market conditions and regulatory updates.
What are the requirements to qualify for margin investing?
To qualify for margin investing on Public, we consider several factors, including your trade history and brokerage account balance. It only takes a few minutes to apply.
How do I get started with margin investing on Public?
If you’re already a Public member, you can apply to start margin investing by navigating to your Settings and Privacy and selecting Margin Account. If you’re new to Public, it only takes a few minutes to begin your account application. You can apply for margin investing once your account is active.
Have additional questions about Stocks on Public?
Our US-based customer experience team has FINRA-licensed specialists standing by to help.
Enable margin on Public
Sign up