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What does "Buying power is insufficient" mean?

This means you do not have enough buying power. Here are some common reasons as to why:

1) You have an existing open order locking down buying power: 

In order to gain back buying power, please cancel your open order.

Step 1: Go to the “Home” tab

Step 2: Tap on the "Orders” button next to “P&L”

Step 3: Tap the open order you want to cancel

Step 4: Tap on “Cancel” to remove the order

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2) No open order:

You have insufficient buying power to cover the order amount. For example, assume you have $8,000 in day-trade buying power (this takes into account 4 times leverage based off your settled cash as well as the partial market value of your current positions), and you wish to purchase $6,000 worth of stock A or of stock B. You may be able to execute depending on the specific maintenance requirements of a stock. If the maintenance requirement of stock A is 25% (4 times) and that of stock B is 100% (no leverage), you will be able to purchase $6,000 of stock A (up to $8,000), or only $2,000 of stock B ($8,000/4=$2,000). Thankfully, Webull’s order page displays the maximum amount of shares you can purchase.

Problem Solved?
Yes
No