We offer cash accounts, which means that trades must be paid in full at the time of order execution. Rules for payment of securities transactions executed in accounts are established under Federal Reserve Board Regulation T. These rules allow for the acceptance of purchases in cash accounts if sufficient funds are in the account to fully pay for the purchase.
Buying power is the amount of money you have available to make purchases in your app. Sometimes you may see a difference between the value of Buying Power and the amount available for withdrawing, and that is due to the fact that following a sale, your funds need to “settle” before you can withdraw them to your bank account. This is called regular-way settlement, which means your proceeds take two trading days (T+2) to appear in your account. So on the third day, those funds will go into your buying power, and, assuming your withdrawal holding period has passed, funds will appear as withdrawable cash.