How does td ameritrade's cash sweep vs cash balance feature impact the trading of digital currencies?

3 answers

• syncAsyncNov 11, 2021 · 4 years ago
  The cash sweep vs cash balance feature of td ameritrade can have a significant impact on the trading of digital currencies. When funds are swept into a cash sweep account, they are automatically invested in a money market fund, which may not be ideal for trading digital currencies. This can result in delays and missed trading opportunities. On the other hand, having a cash balance allows for immediate access to funds, enabling faster and more efficient trading of digital currencies. It is important for traders to carefully consider the implications of these features when choosing a platform for trading digital currencies.
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• G1nphyDec 07, 2023 · 2 years ago
  The cash sweep vs cash balance feature of td ameritrade is an important consideration for traders of digital currencies. With the cash sweep option, funds are automatically moved into a money market fund, which can provide some level of interest. However, this can also introduce delays and restrictions when it comes to trading digital currencies. On the other hand, having a cash balance allows for immediate access to funds, which can be advantageous for taking advantage of market opportunities. Traders should weigh the pros and cons of these features based on their trading strategy and preferences.
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• bang pusiApr 09, 2024 · a year ago
  When it comes to the trading of digital currencies, the cash sweep vs cash balance feature of td ameritrade can make a difference. With the cash sweep option, funds are automatically invested in a money market fund, which may not be ideal for traders looking for immediate access to funds. On the other hand, having a cash balance allows for faster and more efficient trading of digital currencies. Traders should consider their trading goals and preferences when deciding between these two options. It's important to note that different traders may have different needs and priorities, so what works for one person may not work for another.
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