If you’ve been in the market for a while, you probably remember as the go-to discount broker for active traders. While the name has disappeared through a series of major industry mergers, the concept of buying power remains the most critical metric for any investor. What is Buying Power?
: Your buying power was simply your settled cash. scottrade buying power
Buying power is the total amount of money available to you to purchase securities. It is not just your cash on hand; it is the sum of your cash plus any available margin—the money you can borrow from your broker to trade. The Scottrade Legacy If you’ve been in the market for a
The following blog post outlines what buying power is, how it functioned at Scottrade, and how to manage it today under Charles Schwab. : Your buying power was simply your settled cash
: Charles Schwab completed its acquisition of TD Ameritrade, moving all former Scottrade and TD clients to the Schwab platform . TD Ameritrade, Inc. is now at Schwab