Your brokerage account on Bamboo is your stock trading account that enables you to buy and sell U.S. stocks.
Before you can start trading on Bamboo, your stock trading account must first be reviewed and this usually takes a maximum of 2 working days. You receive a notification once it’s approved.
With this brokerage account, you can also access everything that has to do with stocks and your stock portfolio such as your dividends, the performance of stocks you own etc.
When you sell stocks, the funds go to your brokerage account. Additionally, in the event that you attempt to buy stocks with money in your Bamboo wallet and the order is cancelled or not executed, the funds also go to your brokerage account.
You can also make dollar deposits directly to your brokerage account by selecting the Brokerage Account Funding option on the app. The funds are credited to your brokerage account which you can use to buy stocks. You can read more about deposits here.
To view the breakdown/details of your brokerage account, please follow the steps below:
On the Bamboo homepage, under 'Stocks', click on 'Portfolio Breakdown'.
You will be able to see:
Portfolio return: Total gain or loss you have recorded on the stocks in your portfolio.
Buying power: The cash in your brokerage account that you can buy stocks with.
Withdrawable cash: The cash in your brokerage account that you can withdraw.
Good faith violations: You can read more about this here.
Current value: The present value of your stocks.
Cost basis: The total amount you have spent buying the stocks in your portfolio.
Unsettled cash: The money from your recent sales which is not yet withdrawable. This amount takes 2 business days to settle and become withdrawable in line with U.S. SEC regulations.
To see the breakdown/details for each stock you own, click on 'Current value'. This will show a list of each stock you own with a toggle on the right side of each, which gives you the option to view either of the following:
The last price
The percentage change
The cost basis
The total return since you bought it
You can also watch our video about tracking your stock returns here.