What is PDT?

The Pattern Day Trader (PDT) rule is a rule designed by the Securities and Exchange Commission (SEC) for traders who make four or more day trades in their account over a five business day period. A day trade is buying and selling the same stock on the same day. Only users who maintain a portfolio value of over $25,000, can engage in day trading, however, if it is less than $25,000, you are not allowed to day trade.

Kindly note that we count the day trades for you, and set a warning in the app before you are flagged as PDT. If you have received this warning, it means you will be able to resume trading after 5 business days since your first-day trade.

According to FINRA the minimum equity requirement for a "pattern day trader" is $25,000. Read more