Since was acquired by TD Ameritrade in 2017 and subsequently merged into Charles Schwab in 2023, "Scottrade buying power" is now managed through the Schwab platform.
The following blog post outlines what buying power is, how it functioned at Scottrade, and how to manage it today under Charles Schwab. scottrade buying power
During its peak, Scottrade was famous for its low-cost trades and straightforward buying power calculations. Since was acquired by TD Ameritrade in 2017
: Charles Schwab completed its acquisition of TD Ameritrade, moving all former Scottrade and TD clients to the Schwab platform . TD Ameritrade, Inc. is now at Schwab : Charles Schwab completed its acquisition of TD
Buying power is the total amount of money available to you to purchase securities. It is not just your cash on hand; it is the sum of your cash plus any available margin—the money you can borrow from your broker to trade. The Scottrade Legacy
: Scottrade was acquired by TD Ameritrade for $4 billion.