Margin Requirements for Pattern Day Trader

Per FINRA, the minimum equity required for the accounts of customers deemed to be pattern day traders shall be $25,000. This minimum equity must be deposited in the margin account before the customer may open trades, and must be maintained in the customer’s account at all times.

Note: If a PDT account’s value closes below the $25,000 requirement, the customer will be issued an DT Minimum Equity margin call the next business day, and the account will be restricted to closing transactions only status until such time the account value is brought above $25,000. Once an account is designated a PDT account, it remains a PDT account until reset.