[WalterBright]

> But the point is that more capital does give you more leverage.

I don't believe it. I do believe that if you have a track record of paying your trading debts and paying fat commissions, they'll let you take on more risk. Worst case, if you've got $5M in an account, you likely have other assets the brokerage can seize.

> They don't look at or even know about any other assets though.

I don't believe they're going to let you highly leverage $10m without checking you out one way or another.

[manigandham]

I have more leverage. You don't have to believe anything, it's right there in the description of Portfolio Margin, and it requires a certain account size.

What does any of this background check have to do with your claim that more capital doesn't provide more leverage - when it quite literally does?

[WalterBright]

A background check reveals assets of yours that would be collateral for the loan.

[manigandham]

That's not how it works. You have capital in the account or you don't. That's what the regulations stipulate and brokers can't break them just because you have more assets, nor have they ever run a background check on me.