For account security and risk-management purposes, your cash available to withdraw may be less than your cash balance for the following reasons:
1) Withdrawal Holding Period
If you deposit funds by ACH transfers, your deposits need to stay in your account for a minimum of 7 trading days. If you deposit funds by wire transfers, the withdrawal holding period will be 1 trading day
|Deposit Methods||Holding Period|
|ACH||7 Business Days|
|Wire||1 Business Day|
2) Settlement Period
The settlement period is the trade date plus two trading days (T+2). Funds are not available to withdraw before fully settled
3) Required Margin Maintenance
NYSE & FINRA rules require investors to maintain a certain minimum amount of equity in their margin account at all times.
4) Pending Orders & Frozen Funds
The funds used in pending orders and purchasing IPOs and Secondary Offerings will be locked up in your trading account and are not available to be withdrawn.