When you sell a security in your brokerage account, the funds from this transaction do not become immediately available for trading or withdrawal. U.S. trades typically follow a T+1 settlement cycle, meaning funds from the sale of a security become available on the next business day.
Funds from a wire deposit will usually settle and become available for trading on the same business day. ACH deposits can take up to 3 business days to settle. However, Longbridge provides many of our customers with early access to funds from an ACH deposit for trading purposes via Instant Buying Power.