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What happens if an account with less than $25,000 is flagged as a day trading account? Or, if the account is flagged as a PDT account, and the value subsequently falls below the DriveWealth required $25,000 minimum?

Last Updated: Jul 07, 2016 05:32PM EDT
The customer has the following options:

A.            Deposit funds to bring the account’s equity up to DriveWealth’s required minimum of $25,000
B.            Wait the required 90 day period before any new positions can be initiated
C.            Request a PDT account reset

The customer will have the same options listed above, however, if at any time the Equity Value figure goes back above the threshold amount ($25,000), then the account will once again have unlimited day trades available (providing the regulatory day trading buying power is not exceeded).
 

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