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?
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).