Personal Trading Level

Benefits of the 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.

What is 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.

Your Personal Trading Level lets you trade up to this amount immediately without needing the cash in your account before hand, so giving you the time to transfer money into your account and allowing it to clear for when payment is due.

Then by holding you cash and stock with us in our Nominee and Cash Management facilities we can use these values to calculate and offer you a Personal Trading Level, if this exceeds the initial trading level.

The initial or Personal Trading Level are not a credit facility and cleared funds are still required when settlement is due.

Under current HMRC (Her Majesty's Revenue and Customs) rules ISA and SIPP accounts must have cash up front to pay for trades.

How is the Personal Trading Level Calculated?

The Personal Trading Level is calculated on the value of the cash held in your Cash Management Service Account 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.

Open an Account and take advantage of a Personal Trading Level.

New Customers

	Online You can open a Trading Account online then call us on 0845 601 0077 to arrange your subscription.
	By Phone Or, call us to open your Trading Account and arrange your subscription to TD Waterhouse ProTrader® together. 0845 601 0077 or we can call you at a convenient time.