posted
when I funded my account online, I was told it would be five days and I could trade otc stocks. Well, now they say it will be 10 days before the funds are avail.
Meanwhile I traded another regular stock and the funds are clearly in the account.
This is pretty stupid I think
I have since learned you should wire the money in if you want it to be avail. right away.
quote:Originally posted by maniladreamin: when I funded my account online, I was told it would be five days and I could trade otc stocks. Well, now they say it will be 10 days before the funds are avail.
Meanwhile I traded another regular stock and the funds are clearly in the account.
This is pretty stupid I think I have since learned you should wire the money in if you want it to be avail. right away.
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here is a tip to get by that rule. trade a $5 stock with the newly wired funds sell that stock and buy any OCTBB you want.
once you buy a nasdaq or higher priced stock and then sell your funds are just that YOUR FUNDS...
works for me hope it works for you to beat that 10day rule.