SureTrade, the deep-discount on-line trading arm of Quick & Reilly/Fleet Securities Inc. is lowering the rate at which investors can borrow to trade securities.

The so-called margin rate will be lowered today by 0.5 to 2 percentage points below the broker-call rate-the interest rate at which brokers borrow from banks to cover clients' securities positions, currently at 7.25%.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.