Margin and Day Trading Rules
- General Margin Information
- Opening a Margin Account with DriveWealth
- Margin Process
- What are "Day Trades" and how are they counted?
- What is a "Pattern Day Trader"?
- What is the definition of a "Potential Pattern Day Trader"?
- What would happen to my account if I'm deemed a Pattern Day Trader?
- 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?
- What is my day trading buying power under the rules?
- What if I exceed my day trading buying power?
- Can I withdraw funds that I use to meet the minimum equity requirement or day trading margin call immediately after they are deposited?
- What are the risks associated with a margin account?