3 ms·

Fidelity is a cheap provider?

• JumpCrisscross 8y ago
  > Fidelity is a cheap provider? No, but they have different tiers of service. In my account, for example, I can sell and purchase intraday. They do what they do for my personal account, which is credit the cash intraday. TL; DR This is not a legal, but contractual, requirement.
  • fallingfrog 8y ago
    I see! Good to know. Still, I'm inclined to believe that more people are in my tier of service than are in yours.
  • mi100hael 8y ago
    It's a legal requirement to some extent unless you have a margin account. Funds take two days to settle. If you sell, buy, and sell again within two days, your account can be suspended for violating SEC rules. https://www.ally.com/do-it-right/investing/what-are-unsettled-funds/ https://www.ally.com/do-it-right/investing/what-are-unsettle...