RBC Direct Investing is letting me proceed with a trade even with no fund in my acct?
Yesterday, I tried to test and see what would happen if I tried to buy $2000 worth of a certain stock. I thought it would block me and say I don't have enough funds. But it actually let me proceed, but of course, I cancelled the order and didn't click on 'Confirm'
What is going on? it was late at night so I didn't call RBC DI to ask them. I am assuming if I clicked 'Confirm' , the order would go through. If there was a problem, it would have told me in the step before (where it shows you the details of your quote and what it will cost)
The question is, if it does let me proceed, and since I don't have a margin account, where would it take the money from?