We found 11 online brokers that are appropriate for Trading Pattern Day Traders Investment Platforms.
Whenever a trader buys & sells a particular financial asset on the same day, it is called day trading. Both the opening and closing of a position must be carried out on the same trading day with no position held overnight.
For such traders, SEC (Securities and Exchange Commission) has made a rule which is called Pattern Day Trader or PDT in short form.
There are a few requirements for the Pattern Day Trader rule:
If a US-based trader violates the above 2 rules, the respective broker will usually notify the trader.
Pattern Day Trader (PDT) rule was introduced to protect small investors from overtrading. Protect from whom? Well, to protect the traders from themselves. Everyone knows that the ratio of investors who actually make money from trading in the long term is very low. But when it comes to day trading, the number of successful traders drops even low. Despite the hype and common perception, day trading is way more difficult than long-term investing and swing trading.
At the start, you will only receive a warning from your broker. However, repeated violations will cause your account to be labeled as PDT.
After being labeled as PDF, things can change for your trading account. For example, the minimum requirement for equity increases if your account falls under the Pattern Day Trader rule.
Pattern Day Trading means the following things for your account:
The high leverage is not without limits, though. The 1:4 leverage is only reserved for day traders and can not be used for the positions which are held for more than 1 day.
Things are different for those who hold a cash account which is very different from a margin account. In a cash account, there are no restrictions on day trading - Which means you can place as many trades as you like. Of course, you can not trade more than your account's equity in a cash account. There is no extra buying power available for a cash account, but there is also no requirement for a minimum of $25,000 equity either. It usually takes 2 trading days for the trades to be settled and to receive delivery of stocks in your account.
Why would the SEC impose such harsh restrictions on day trading? Well, they have their reasons... It all started in the 90s when the internet was a new thing. New technology-based companies were growing like mushrooms, just like today's era of cryptocurrency. That golden period is referred to as the dot-com bubble or the tech bubble today.
With a new sector (technology), almost every company in that sector was going up, which gave rise to a new breed of day traders. To give an example of how easy it was during the dot-com bubble - If an investor had participated in an IPO, it was not unusual to see price jumps of 20% once the trading started.
However, all of that came crashing down as the dot-com bubble burst, which was bound to happen anyway. As a result, day-traders and those who were just new with no financial background suffered heavily from the technology bubble.
When things were going well with day trading, everyone was happy. Once things got complicated, the media, politicians & others started a witch hunt against the practice of day trading. All of that led to the Securities and Exchange Commission (SEC) and FINRA to impose a new law to protect the new traders from big losses.
Let's assume that Adam has a $2,000 equity in his account. Since the account has less than $25,000 - Adam must follow the PDT rule.
Adam day traded on three different trades on the following days:
Monday: Tesla Inc (TSLA)
Tuesday: Microsoft
Wednesday: Google
Since the limit of 3 trades is reached, Adam can only open 1 additional trade on Monday. Any attempt to open additional trades during the same week will result in warnings from the broker.
If Adam doesn't pay attention to the warnings and keeps on trading, the broker will eventually freeze Adam's account for 90 days (around 3 months).
The easiest way to overcome the Pattern Day Trader Rule is to open a few accounts with multiple brokerage houses. This way, you can divide your trades into different accounts without any fear of the PDT rules.
We have conducted extensive research and analysis on over multiple data points on Pattern Day Traders to present you with a comprehensive guide that can help you find the most suitable Pattern Day Traders. Below we shortlist what we think are the best Pattern Day Traders Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Pattern Day Traders.
Selecting a reliable and reputable online Pattern Day Traders Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Pattern Day Traders Investment Platforms more confidently.
Selecting the right online Pattern Day Traders Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Pattern Day Traders Investment Platforms trading, it's essential to compare the different options available to you. Our Pattern Day Traders Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Pattern Day Traders Investment Platforms broker that best suits your needs and preferences for Pattern Day Traders Investment Platforms. Our Pattern Day Traders Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Pattern Day Traders Investment Platforms.
Compare Pattern Day Traders Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Pattern Day Traders Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Pattern Day Traders Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Pattern Day Traders Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Pattern Day Traders Investment Platforms that accept Pattern Day Traders Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
---|---|---|---|---|---|---|---|---|---|---|---|
Rating | |||||||||||
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Pattern Day Traders Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Pattern Day Traders Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Pattern Day Traders Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.