That’s a benefit with T212 (and even some US brokers I use) that you can trade with unsettled funds.
But if you sell the securities that you bought with unsettled funds within 2 trading days (T+2), you get a penalty. Now with T212, they are not a direct access or primary broker, and since they work with IBKR as their broker-dealer and custodian, where all our shares are held, I’m assuming they have a credit line that is not limited by these restrictions, since our purchases are wrapped within their interaction, I say we can buy and sell on unsettled with T212, unless they change that in the future, which of course will be very sad.
Plus with T212, this is further supported by the fact that you can withdraw funds as soon as you liquidate (although it takes a day or 2 before it’s approved by the team), unlike US brokers with cash accounts.