Honolulu, HI
Experience: Beginner
Platform: TradingView
Broker: Interactive Brokers
Trading: futures, stocks
Posts: 437 since Mar 2012
Thanks Given: 72
Thanks Received: 207
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I am new to IB, and still in the process of opening my account.
I used Scottrade and fidelity, and both cash accounts allow me to sell a stock and immediately buy a stock.
But IB's website says cash account holders have to wait 3 days for settlement before they can use the cash to enter another trade, which is quite weird and inconvenient.
Does anyone know if that info is still up to date? I haven't seen that rule in any other brokers. (Otherwise, what is the point of SEC Regulation T? )
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