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Pattern day trading

Following a regulatory rule change on June 4, 2026, the Pattern Day Trading (PDT) designation no longer applies to your account. This means you are no longer bound by the old 4 trade limit, and you do not need to maintain a $25,000 minimum balance just to make short-term trades.

Are there still limits?

This change does not remove all boundaries, and your trading is still strictly capped by your actual available buying power and cleared cash balance. You will also need to follow standard settlement rules to avoid funding violations, and our usual account risk controls remain active.

We recommend checking your available buying power and settlement balances on your dashboard before placing frequent trades.