Series 7: 15.7.2 Buying Power Of Day-Trading Accounts

Taken from our Series 7 Top-off Online Guide

15.7.2 Buying Power of Day-Trading Accounts

FINRA requires pattern day-trading accounts to have a minimum equity of $25,000 on any day that trading occurs. The $25,000 must be in the account prior to the first trade, and it must be maintained in the customer’s account at all times. In addition, the minimum maintenance requirement for a day-trading account is 25%, the same as for the margin account of a trader holding a long position. This

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