Agreement Between Brokers With No Pdt Rule
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FAQ
Here are some workaround methods:Restrict the number of day trades. This automatically disqualifies you from the PDT rule.Open multiple accounts with different brokers.Consider swing trading.Join a proprietary trading firm.Choose a foreign broker.Use a cash account.Trade in a different market.
Do you want to know about offshore stock brokers with no PDT rule? The two best are Ustocktrade and CMEG Group. They allow you to trade with no restrictions.
2. Use Multiple Brokerage Accounts. The pattern day trader rule restricts trades to less than four within a given day. If you have multiple trading accounts you can enter offsetting positions and still be in compliance.
You can enable or disable this feature in your mobile app:Tap the Account icon in the bottom right corner.Tap Account Summary.Scroll down and tap Day Trade Settings.Toggle Pattern Day Trade Protection on or off.
