Pattern Day Trader Reset
IMPORTANT NOTE
Changes to Pattern Day Trading Rules
FINRA has adopted new rules replacing the existing Pattern Day Trading (PDT) requirements with updated Intraday Margin Standards.
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The $25,000 minimum equity requirement for pattern day traders is being removed. Clients will still be subject to the standard Reg T $2,000 minimum for trades using margin or short sales.
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Under the new framework, in certain circumstances trades that reduce your account's excess liquidity may create an Intraday Margin Deficit ("IMD").
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IMDs must be satisfied as promptly as possible and ideally within 3 business days.
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Failing to satisfy an IMD on 4 or more occasions within a 12-month period may result in a 90-day trading restriction across all your associated margin accounts.
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Your account may still be subject to existing PDT rules during FINRA's transition period, which ends in October 2027.
Additional information is available in our FAQs.
Instructions
To learn more about PDT restrictions, refer to our IB Knowledge Base article.