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Pattern day trader



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On 20/04/2021 at 19:02, Golddigging said:


I would like to ask, if somebody could help me about the rules for pattern day traders.

Is it right that you are allowed to make more than three trades per 5 days if your account not drop below $25.000 ?



Hi @Thomas,

The short answer is no – the pattern day trader rule does not apply in the UK. If your trading broker is not regulated by FINRA – ie it is regulated by an authority outside of the US – you will not be bound by the pattern day trader rule.

For more info, please click here.



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