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  • What happens if I get flagged as a PDT? Why is my account restricted?

What happens if I get flagged as a PDT? Why is my account restricted?

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:

  1. Deposit additional funds to bring the account’s equity up to DriveWealth’s required minimum of $25,000.
  2. Wait for the restriction to expire in 90 days.
  3. Request a one-time PDT account reset.*

*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 support@getbaraka.com, or over Whatsapp in order to request a one-time PDT account reset.