"Settled funds available for trading" refers to cash that has completed the official settlement cycle—currently (Trade Date + 1 business day) for most U.S. stocks and ETFs as of May 2024. While many brokers allow you to buy new securities using unsettled proceeds (often labeled as "Cash Available to Trade"), those funds are not fully "cleared" for all types of activity until the settlement date. Key Performance Metrics
: Using settled funds is the only way to guaranteed-avoid cash account violations like Good Faith Violations (GFV) or freeriding. What Are Unsettled Funds? | Ally settled funds available for trading
: Only settled funds can be transferred to an external bank or withdrawn. "Settled funds available for trading" refers to cash
: Securities bought with settled funds can be sold at any time without restriction. Key Performance Metrics : Using settled funds is