Jun. 1 at 12:13 PM
🚨🚨🚨 New PDT rule effective this Thursday, June 4th, no longer requires a minimum
$25K balance and removes the 4 trades in 5 business days restriction for day trading.
✅️✅️ Under the new margin rule, broker requirements may vary and could require minimum account balances: 2k,
$3K, or
$5K depending on the broker and margin approval.
✅️✅️ Brokers confirmed effective this Thursday: Tastytrade,
$BULL $HOOD TradeZero, Cobra Trading, Lightspeed,
🔴🔴 unconfirmed for June 4th:
$SCHW Charles Schwab/TOS (June 8th) , Etrade,
$IBKR