Are you getting a “(013911) Your account is limited to settled funds for opening cash transactions…” error on Fidelity?
Here’s the rest of the message, “…and therefore buy orders must be limit orders. Please use a limit order to prevent the trade from exceeding your settled cash.”
Error (013911) occurred on Fidelity when your account committed a cash trading violation.
Good faith violations, freeriding, and cash liquidations are all possible rules that you might have violated.
You can find out exactly what action resulted in this restriction by visiting the Trade Restrictions & Violations page on Fidelity.
Here are the exact steps:
- Login to your Fidelity account.
- Click Account & Trade, then select Portfolio.
- Pick a specific account (if you have multiple Fidelity accounts) and click Balances.
- Scroll down and click on Trade Restrictions & Violations.
You should see which scenario caused your account to receive the (013911) error.
The restriction status is to be applied to your account for 90 days.