FAQs  >  Topic: Trading
Question:

When will my funds be available for trading after I close a position?


Answer:

In a cash account, if a settled position is sold (settlement on a stock trade is trade date + 3 business days, settlement on an option trade is trade date + 1 business day), the funds are available the next business day for trading unless you contact the trade desk to release the proceeds early. If an unsettled position is sold the funds are not available for trading until the purchase of the position has settled. In a Margin account you will be able to use the funds immediately after closing a position. Please be aware that in a Margin account you can only day trade on your start of the day buying power.


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