Updated September 28, 2026
What is Margin rate?
In short
The interest a broker charges on borrowed funds, and it can be the cost that dwarfs your trading fees.
A margin rate is the annual interest charged on money you borrow from a broker to buy investments with. You pay it only while the loan is open, and it accrues on the whole balance, so it can outweigh any commission.
Angel One lists no margin interest, at 0%. BMO InvestorLine charges 8.75%, Charles Schwab 12.075% and Fidelity 12.375%, while Fyers asks 12.49% to 16.49%. Borrowing cheaply matters more than saving a fraction on trading fees, so check the rate before you buy on margin.
Sources
- wowa.ca, checked September 26, 2026
- fyers.in, checked September 26, 2026
- public.com, checked September 26, 2026
- angelone.in, checked September 26, 2026
- brokerage-review.com, checked September 26, 2026