Buying power is the amount of money you have available to make purchases in your Illuminate account. This represents the funds you can immediately use to invest in stocks.
You can find your buying power on the home page under the Investments section of your Illuminate app.
How funding affects your buying power
When you go to fund your account in the profile tab, you'll have two options:
Fund an Illuminate portfolio: By selecting an Illuminate Portfolio, we invest your funds based on your risk level settings. Your full funding amount will be allocated to the portfolio of your choice.
Fund your general account: By funding your general account, your money will be deposited as buying power for self-directed investing.
The transfer from your bank into your Illuminate account may take up to 5 business days to complete.