I have a robinhood account* that I play around in and they just gave me more “buying power.”

I don’t remember asking for the margin, though maybe I did, or agreed to something or whatever. But it just popped up on the screen as “buying power.” If I didn’t do the math it’d be easy to think it was just my money, ie cash money, not the ‘ability to borrow‘.

I guesss it’s sort of like a credit card that keeps raising your limit… you don’t have to use it (and hopefully you don’t!). And I never mind if credit cards raise my limit.

But it’s not like a credit card, in part because of shady labeling - calling out Robinhood on the UI maybe, but the whole industry on the verbiage - borrowing money with interest should be associated with the word “limit” not “power.” 🤨

*trying to link this account to commonstock but having technical difficulties, along with other technical difficulties with the iPhone app (yes, latest version) :(