Deposits & Withdrawals

Making a Deposit

Fund your Light Horse Securities account by linking a U.S. bank account and transferring money via ACH — no fee, and you can start trading before the deposit fully settles.

How to Deposit Money into Light Horse

  1. Link a U.S. bank account to your Light Horse account. The bank account and your Light Horse brokerage account must be in the same name — this is how Light Horse verifies your identity for the transfer.
  2. Confirm you have sufficient funds in that bank account before submitting. A deposit returned by your bank incurs a $30 return fee.
  3. Submit your deposit amount.

Deposit Limits and Settlement Time

  • Daily maximum deposit: $50,000. For a larger transfer, or a transfer from a foreign bank, use a Wire Transfer instead.
  • A deposit typically takes 5 business days to fully settle.
  • Settlement determines when the deposited cash becomes withdrawable — see Withdrawing Funds for how settlement interacts with withdrawal eligibility.

Trading Before Your Deposit Settles

You don't have to wait 5 business days to start investing. Once a deposit is submitted, Light Horse grants instant buying power — the ability to place trades immediately with a portion (or all) of the pending deposit.

Instant buying power has its own eligibility rules, limits, and restrictions (including that you can't withdraw funds bought with it until the underlying deposit settles) — see Instant Buying Power for the full breakdown.

Frequently asked questions

  • How long does a Light Horse deposit take to settle?

    Typically 5 business days from the day you initiate the ACH transfer.

  • What's the maximum amount I can deposit via ACH?

    $50,000 per day. For larger amounts, use a wire transfer instead.

  • What happens if my deposit is returned by my bank?

    A $30 return fee applies. If you already traded using instant buying power from that deposit, Light Horse may need to liquidate the resulting positions to recover the funds.

  • Can I trade with my deposit before it settles?

    Yes, using instant buying power — see Instant Buying Power for limits and restrictions.

Related