I have a margin account with Fidelity but I can’t open this trade.
(313011) The Estimated Order Value for this order exceeds your Margin Buying Power.
You must edit this order or increase your Buying Power before you can place this order.
Some stocks have higher margin requirements than others, sometimes well above the average margin required.
For example, if you look at GME (GameStop), you will notice that it has a margin requirement of 100%.
This may be the case for the stock you’re attempting to trade using your Fidelity margin account.
Be cautious when maxing out your margin, especially in this market environment. Margin calls are real. Your positions may be liquidated at a loss with one significant drop.
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