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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?
  • Can I cross guarantee my accounts to meet the minimum day trading equity requirement?
  • 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?

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