More From Your Account
Personal Trading Level
What is a Personal Trading Level?
When you open a Trading or Trading Plus Account we generally grant you an initial Trading Level of £10,000, subject to status. This means that you can deal within this amount immediately, giving you time to make arrangements for the money to be transferred for prompt settlement after the trade has been carried out.
Then by holding your portfolio of cash and stock with us in a Nominee facility and Cash Management account, we calculate and offer you a Personal Trading Level (PTL), if this exceeds the initial Trading Limit.
It is important to note that the initial Trading Level or Personal Trading Level is not a credit facility and cleared funds must still be made available to pay for the purchase on settlement day.
What are the benefits of Personal Trading Level?
- Immediate access to trading so you can react to market conditions straightaway.
- No need for cash in your account before a purchase is made.
- Allows you time to transfer funds before the settlement date.
- Make more or larger purchases by increasing your Personal Trading Level above the initial Trading Level by increasing the amount of cash and stock held in your portfolio.
How is a Personal Trading Level calculated?
The Personal Trading Level is calculated on the value of the cash held in your CMS plus the value and quality of the stock held in your Nominee account, less the value of any open positions you may have. When making a purchase this is then automatically adjusted according to the specific stock being purchased. This will be shown on your quotation as the amount available to spend in that specific stock.
Which account do I need to take advantage of a Personal Trading Level?
To take full advantage of a Personal Trading Level open a Trading or Trading Plus Account or upgrade your existing account today.
