What Is the Difference?
Available to Trade is the total cash you can use right now to buy stocks and REITs, including unsettled sale proceeds you're allowed to reinvest immediately. Available to Withdraw is only the portion that has fully settled and can be transferred to your bank. The two figures overlap, so they should never be added together.
Note: The ability to use unsettled proceeds applies to stock and REIT trades only. Fund subscriptions and IPO applications require fully settled cash (Available to Withdraw) — see below for details.
Your account shows both figures because they describe your cash in different ways — and because they overlap, it helps to understand what each one is actually telling you.
| Available to Trade | Available to Withdraw | |
|---|---|---|
| What it includes | Settled cash + unsettled sale proceeds | Only fully settled cash |
| What you can do with it | Buy stocks and REITs | Transfer to your bank; also required for fund subscriptions and IPO applications |
| Value in the example below | ₱15,000 | ₱10,000 |
Available to Trade
The total amount of cash you can use right now to buy stocks and REITs. This includes your settled cash plus any proceeds from recent sales that haven't fully settled yet, which you're allowed to reinvest in stocks immediately — even before settlement is complete.
Important: This reinvestment flexibility is available for stock and REIT trades only. For fund subscriptions and IPO applications, you must have sufficient Available to Withdraw (fully settled cash). This is because fund subscriptions require settled funds to be remitted directly to the fund manager, and IPO applications require settled funds to be forwarded to the underwriter. Unsettled proceeds cannot be used for either of these transactions.
Available to Withdraw
The amount you can transfer out of your DragonFi account to your bank. This includes only settled cash that is no longer tied to pending transactions or regulatory holding periods. For the full withdrawal process, see our Withdrawals hub.
Important: Available to Trade and Available to Withdraw should not be added together.
These two figures are not separate pots of money. Available to Withdraw is simply the portion of your Available to Trade that has already settled and is ready to be moved to your bank or other DragonFi account. Your total cash on hand is the Available to Trade figure on its own, not Available to Trade plus Available to Withdraw.
Available to Trade vs. Available to Withdraw: An Example
Say you have ₱10,000 in settled cash, and on Monday you sell stocks for an additional ₱5,000 that won't settle until Wednesday:
- Available to Trade = ₱15,000 (all of it can be used to buy)
- Available to Withdraw = ₱10,000 (only the already-settled cash)
- Your actual total cash = ₱15,000, not ₱25,000
The ₱10,000 is counted inside both figures, so adding them would double-count it. Think of Available to Withdraw as answering "how much of my cash can I pull out today?" rather than "how much extra cash do I have?"
What Is the PSE Settlement Period (T+2)?
All stock sales follow the standard settlement period of the Philippine Stock Exchange (PSE), which is T+2. This means that when you sell stocks, the proceeds are only fully settled two business days after the trade.
While we allow you to immediately use unsettled proceeds to buy stocks and REITs, you cannot withdraw the funds until the trade is fully settled. Similarly, fund subscriptions and IPO applications require the funds to be fully settled before they can be processed, since those transactions involve remitting your cash to a third party — the fund manager or the underwriter.
Example: When Can You Withdraw?
If you sell stocks on Monday, the settlement period follows this timeline:
- Monday (T+0) – You place a sell order and it gets executed.
- Tuesday (T+1) – First business day after the sale. Funds are still pending settlement.
- Wednesday (T+2) – The trade is fully settled, and the proceeds become Available to Withdraw.
So if you sell on Monday, the funds become available to withdraw on Wednesday — and this is also the earliest you can use those proceeds for a fund subscription or IPO application. Until then, you can still use the proceeds to trade stocks, just not to withdraw or invest in funds/IPOs.
Once you're comfortable with these two cash figures, you may also want to see how average price and unrealized profit/loss are calculated for the full picture of your account.