SteveL Veteran   Posts: 189 Joined: 10/11/2012 Location: Boulder, CO  User Profile | For a long time, I also didn't appreciate the difference between the Margin and Cash settings on an IRA account. But a few weeks ago, I happened to notice that one of my IRA accounts had a pending trade that another didn't. Upon investigation, I found that the account with the missing trade was configured as a "Cash Account", and the other as a "Margin Account". Both accounts were fully invested, and each had a pending closing trade which would free up funds in each account. OmniVest requires AVAILABLE FUNDS to place a trade in an "Cash Account". Since the closing trade had not yet happened, the funds were not available. That constraint does not apply to a "Margin Account". I changed the setting on the "Cash Account" to a "Margin Account", and the pending trade appeared. | |
