This is topic Broker Question in forum General Investing Topics at Allstocks.com's Bulletin Board.


To visit this topic, use this URL:
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/9/t/001121.html

Posted by f8less on :
 
I'm using Ameritrade and was wondering if there are any other good brokers out there that provide equal service, but don't have this 3 days hold restriction before money becomes tradable again.
 
Posted by lilpennypincher on :
 
It is not an Ameritrade rule......It is the law.
If you are trading in a cash account, you MUST allow that money to settle.

If you get a margin account you don't have to worry about it.

Good luck.
 
Posted by f8less on :
 
With a margin account can I have the margin, avoid the 3 day period, and just not use the margin itself? I hope that made sense.
 
Posted by metal1 on :
 
no, your next purchase (assuming same day trades) would be on margin for 3 days until the other funds have settled.
 
Posted by Machiavelli on :
 
I dont seem to have that problem at Choicetrade.com lol ...
 


© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2