General
What is Pattern Day Trader Protection?
Pattern Day Trader (PDT) protection is a feature that help traders avoid violating the PDT rule. The PDT rule is a Securities and Exchange Commission (SEC) regulation that requires traders to maintain a minimum equity balance of $25,000 in their account if they execute four or more day trades within a five-business-day period. PDT protection will automatically prevent traders from placing day trades if they are at risk of violating the rule. The current number of day trades that have been made in the last 5 trading days (inclusive of today) is visible in the Summary section of your Portfolio.