Apr. 15 at 12:22 AM
$PYPL SEC has officially approved the elimination of the Pattern Day Trader (PDT) rule, as of April 14, 2026.
Key Changes:
Elimination of PDT Designation: The definition of a pattern day trader (4+ day trades in 5 business days) is removed.
$25,000 Minimum Gone: The mandatory
$25,000 minimum equity for day trading is eliminated. The standard minimum to maintain a margin account (
$2,000) will now apply instead.
Intraday Margin Requirement: Rather than a fixed dollar amount, traders must now maintain a balance of at least 25% of the total value of their outstanding positions, with brokers monitoring risk in real-time or via end-of-day calculations.
Risk-Based Controls: Brokers will use real-time monitoring to block transactions that would create or increase intraday margin deficits.
Apr 14, 2026 3:35 PM
