I was looking at margin accounts with a broker and was wondering if it would be permissible to use such account. For example, I would never have a trade value larger than the money available in the account. If my cash value was £40,000, I would never exectue a trade with a larger value than that amount.
With a cash account, the settlement period is usually T+3 and you cannot trade with unsettled funds. However, with a margin account you would be able to trade/ withdraw the funds immediately.
My question is, would it be possible to trade with this margin account if I never actually leveraged my position and only traded below my cash value?