Its normal need wait 2 days ?
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I have a margin account with IB. Why i cant withdraw my profits immediately ?
- Thread starter secic22935
- Start date
Also it might be because your funds were deposited less than 3 months ago. IB puts a 90-day hold on all funds deposited. Highway robbery, yes, I know.
Must be ACH and ACAT fraud preventative measures:
https://www.csoonline.com/article/2...me-ach-fraud-why-criminals-love-this-con.html
here's one from Robinhood customer
Must be ACH and ACAT fraud preventative measures:
https://www.csoonline.com/article/2...me-ach-fraud-why-criminals-love-this-con.html
here's one from Robinhood customer
The 90-day hold would not be an effective measure against ACH fraud tbh. If somebody wants to commit ACH fraud, it can do it any time no matter how long is the hold.
Considering this is a fraud that started to happen in 2009, more than 10 years ago and Robinhood, a brokerage that's just developed most recently wouldn't have any countermeasures put in place. Good thing IB has two-factor authentication for all withdraw and deposit requests.
I thought that with margin account profits they would be available immediately (like a loan)
Must be ACH and ACAT fraud preventative measures:
https://www.csoonline.com/article/2...me-ach-fraud-why-criminals-love-this-con.html
here's one from Robinhood customer
my account is old. i fund with wire transfer
my account is old. i fund with wire transfer
Where are you? I have never had to wait for my monthly withdrawal in U.K.
Where are you? I have never had to wait for my monthly withdrawal in U.K.
USA
Generally i need wait 2 days after sell stocks
For example, if