What is the Pattern Day Trader rule? Beginner Friendly
Update (September 2026): The $25,000 Pattern Day Trader minimum no longer applies. On April 14, 2026 the SEC approved eliminating FINRA’s $25,000 PDT equity requirement, effective June 4, 2026. It is being replaced by an exposure-based intraday margin framework for accounts above $2,000, with brokers required to implement the change by October 20, 2027. The […]