Saean Group Inc. (SEAN)

[myreview]

Its different with the big caps. For example Ameritrade and others typically hold $ from a check deposit for several days however if you buy Big Caps they will allow you to trade usually next day. Usually stocks over $5 is the general rule.

Settlements times can be different for releasing funds but general rule is 3 day settlement hold. But plenty of exceptions occur all the time.

For example "margin" and "day trade" accounts. I have an old "free" outstanding account I dont use to trade anymore. Its was opened back in the 90's. Its still an active margin account but I have less than $1 in that account. If I deposit funds say $1000, they will still allow that $1000 to trade with margin. I can day trade with account and still have full access to level 2s and plenty of research tools that a new account opened would require a starting balance in excess of 25k etc.