What’s the difference between Trade Cash and Settlement Cash?

You technically do not pay for a purchase until the settlement day; and, you do not actually receive money from a sale until settlement. The Trade Cash value is a forward looking value of the amount of money which will be in your account when your trade has been settled but represents what you can use now to make another trade. The Settlement Cash is the money in your account that has already settled and represents what is available to be taken out of the account.

Ready to become a DIY trader?

Take control of your investing with a partner that values the same things you do.

Open an account