Settlement timing depends on the market:
- US stocks: T+1
- UK and EU stocks: T+2
Market orders execute immediately if the market is open, or at the next market open if not. Full settlement – cash and asset transfer – completes at T+1 or T+2 depending on the market.
Example
Selling, then reinvesting or withdrawing
You sell US shares (USD) on Monday from a EUR account. The trade executes immediately but cash settles on Tuesday (T+1). You can reinvest the proceeds in another USD instrument straight away – with no FX markup on that reinvestment – but cannot withdraw until settlement completes on Tuesday.
*Stocks are available in selected countries and are currently limited to existing clients.