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As a Robinhood Gold member, I’m confused about how to effectively use the $1000 interest-free margin. It would be helpful if Robinhood provided a clear guide or tutorial on how to set up and utilize margin accounts, including tips on managing buying power and understanding margin limits.
I’m an RH gold member and interested in using the $1000 interest free margin. I deposited $2000 in a margin account, enabled margin investing, set the borrow limit to $1000. Any time I check stocks, my buying power is still $2000. What am I supposed to do to be able to use margin?