How can I find out more about the fees associated with specific investment products on the baraka platform?
Are there any penalties for closing my baraka account or transferring my funds to another investment platform?
In order to day trade you must have an account balance of $25,000 or above. As your account is below $25,000 you will be subject to following PDT restrictions.
Accounts will be restricted for 90 calendar days upon being flagged as a Pattern Day Trader (PDT) account, during which no new positions can be traded (liquidate positions only).
You have the following options if your account is flagged:
*FINRA (Financial Industry Regulatory Authority) has provided brokerage firms the ability to remove the PDT flag from a customer’s account within 180 days. If you did not intend to day trade with your account, DriveWealth can grant a one-time PDT reset.
Please reach out to us on email@example.com, or over Whatsapp in order to request a one-time PDT account reset.