I don't know about TDW specifically, but some brokers allow you to overdraw your account because you're allowed 3 days to send them the money. One of my brokers where I have a margin account makes most orders go through a manual approval process once you go over your overnight buying power, yet they still never denied me a trade and even let me go over my daytrading buying power once, though this was never indicated on the platform - I didn't know until the next day, when I discovered my buying power was down to 2x.
I stand with what I said. And I can tell you this is good advice. sue me! note item #3 and I do not take advice from novices, thank you very much... Michael B.
wrong question. the law is not based upon logic in the way that a non lawyer understands it and it is not always clear to lawyers either.
Heck we do not even know if arbitration is required in Canada and a part of the client agreement. Perhaps zdreg knows, I believe he is an attorney...