At Hapi, you can choose between two types of accounts: a cash account and a margin account.
Each has different characteristics that affect how you can trade, how your funds are used, and the level of risk within your account.
Comparison between a Cash Account and a Margin Account
| Access to margin loan | Buy and sell assets within the same trading day | Invest using funds from pending sales |
Cash account | No | Yes | No |
Margin account | Yes | Restrictions apply | Yes |
Features of a Cash Account
You trade only with your own money.
Stock sales settle in T + 1 (one business day after the trade). During this time, you may have limitations on reusing or withdrawing those funds.
You do not have access to loans or a credit line.
Features of a Margin Account
You can access a line of credit backed by your assets, subject to eligibility and maintaining more than $2,500 in your portfolio.
You can reuse proceeds from sales before settlement, without waiting for T + 1
You must maintain a minimum level of equity (margin maintenance). If you do not meet this requirement, you may receive a margin call.
Using margin generates interest on the borrowed amount.
How to change my account type from cash to margin?
Go to the app's settings menu.
Select "Account Type." There you'll see your current account type.
Choose the option to request the change to a margin account.
📌 Important: this process has an estimated timeframe of up to 3 business days.
You can switch from a cash account to a margin account. The reverse change is not available from the app. However, if you want to keep the benefits of a margin account without the associated credit line, you can turn off margin investing from the "Disable margin investing" option, available in the same settings section.
Important note
This article is for informational purposes only and does not represent investment advice. A margin account may offer greater flexibility, but it also involves additional risks.
You may lose more than your initial investment
Your portfolio value may fluctuate rapidly
You may face margin calls and forced liquidations
Before using margin, consider your investment objectives, experience, and risk tolerance. Hapi does not promote day trading, as it can be a high-risk strategy and may not be suitable for all investors.
If you have questions or experienced any issues, feel free to contact us — we’ll be happy to help.
Legal Disclaimer: Using margin involves risks and is not suitable for all investors. When trading on margin, you can lose more than your initial investment. Past performance does not guarantee future results. This content is for informational purposes only and does not constitute advice, a recommendation, or an offer to buy or sell securities.