Only funds in your cash balance that aren't tied into an open order or withdrawal request can be used for investing. Also, some of the funds may be subject to holding periods that will delay their availability.
To help you out, here is a list of possible fund designations that may appear in the 'Cash Available for Investing' section of the 'Balances' page.
- Cash Balance – Total amount of funds showing in your ShareBuilder account
- Open Orders – Funds being used for a pending buy order
- Withdrawal Requests – Funds being used for a pending withdrawal request
- Unsettled Trades – Appears if your account is restricted to settled funds
Tip: Bank-only holidays such as Columbus Day and Veterans Day aren't considered settlement days. To view a list of all market holidays, see our Holiday and Trading Calendar.
Important: Buying securities on margin isn't appropriate for every investor. Before investing on margin, please give the Margin Account Agreement the once over to review important risk disclosure information, and see our margin interest rates.