There is a 365-day maximum term for maintaining each open spot position on margin.
You are expected to keep track of your open spot positions on margin and settle or otherwise close each position within 365 days of opening. If you fail to do so, you authorize and instruct us to sell or otherwise liquidate assets in your account in order to close the position on your behalf.
We are not required to contact you prior to the expiration of the 365-day term. If you trade on margin, please keep track of how long your positions have been open and be sure to close them within the 365-day window.
The 365-day term is fixed and cannot be extended.
Note: For US residents, margin positions opened prior to June 23, 2021, will continue to be subject to their original 28-day margin obligations term limit.