PDT Restriction

The PDT rule requires traders seeking to day trade more than three times in a rolling five-day period to keep a minimum balance of $25,000 in their margin accounts.

If an account falls below the $25,000 threshold, the trader is no longer able to execute any day trades until he/she backs up the account above that level.

FINRA defines a pattern day trader :

• Who uses a margin account; and

• Who executes four or more “day trades” within five business days in a margin account; and

This rule assumes that traders with over $25,000 in account equity are familiar with the accepted the risks that day trading entails. Traders found breaking the PDT rule will be unable to daytrade for 90 Days.

PDT restriction only applies for MARGIN account types.

If you've already been restricted simply contact support to explore your options.

Disclosures: Aries Financial, Inc. is not a broker-dealer or investment advisor. Securities and investments are offered through TradeStation Securities, Inc., Members FINRA and SIPC. Additional information about your broker can be found by clicking here. Aries refers to Aries Financial, Inc mobile App and website, and with securities offered through TradeStation Securities, Inc.