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Doesn't regular Robinhood require settled cash to trade? Edit: Nope, looks like Robinhood "Instant" is now the default, margin account, but still limited to $1
by pishpash 6y ago
Doesn't regular Robinhood require settled cash to trade?
Edit: Nope, looks like Robinhood "Instant" is now the default, margin account, but still limited to $1000 per account:
https://robinhood.com/us/en/support/articles/robinhood-accounts/ https://robinhood.com/us/en/support/articles/robinhood-accou...
- loycombinate 6y ago1000 x13 millions users...
- ummonk 6y agoI think it doesn't matter, as they can't use the client's cash on it until the stock is delivered at the end of the T+2 settlement period.
- MrMan 6y agoThis is about settlement on the back end.