issue is even if you are paying USD50 a month, you can't trade through them if you are not a non-accredited investor.
From their email:
Beginning 27 October 2023, all remaining non-Accredited Investor accounts will be charged a monthly account maintenance fee of USD$50. Accounts with balances less than USD$50 will only be charged an amount to reduce their cash balance to $0 (zero).
As of U.S. market close on 1 December 2023, non-Accredited Investor accounts will be restricted. We will no longer accept new trade orders to establish positions or deposits on any remaining accounts. However, you may still place liquidating orders to close positions.
Starting at U.S. market open on 4 December 2023, any remaining accounts (excluding those of Accredited Investors) with a debit balance (margin loan financed by securities lending) may have positions liquidated to bring these accounts to a zero or positive cash balance. We will no longer offer securities financing.
We understand that this is a big change for you and kindly request that you take action immediately. We'd like to thank you for your business, and we hope to have the opportunity to continue being your investment provider as we expand our offerings to better serve your unique needs.
