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 ...