What is settlement?Settlement
The step after a trade where cash and shares formally change hands; different markets take different numbers of trading days (US stocks T+1, Hong Kong T+2).
Learn “settlement” in an animated lesson
- Stock BasicsDeposits and Withdrawals
Moving money from your bank into your brokerage account is a deposit; moving it back is a withdrawal. You need money in the account before you can buy.
- Stock BasicsWhat Is a Broker?
Ordinary people can't walk into an exchange and buy stocks. A broker is the middleman that opens your account, sends your orders and holds your shares.
Related terms
See how “settlement” works for yourself with an animation you can drag and play.
Go to “Deposits and Withdrawals”