lowtrades / Just2trade - PDT rule etc

[candles]

I have only just heard of lowtrades.com and just2trade.com (I believe they are related brokers?)

Does anyone here have accounts with them?

Am I right in thinking that you can daytrade with them, without
having to put up the $25k usually required under the pdt rule? (if so, how can they do this?)

Any other info?

Thanks

 

[GTC]

Where did you hear such things?

 

[candles]

Just through googling "pdt restrictions" I came across a board where someone said you can trade as many times as you want with just2trade with a $2000 account.

I then went to their site and couldn't see any mention of the 25k usually required....

Could be wrong though....

 

[candles]

oh well

Upon more reading it looks as if that person was wrong and you still need the usual $25k...... Never mind.

 

[stevegee58]

I coulda sworn I suggested 2 partnership firms to you in this thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=130801

There are (expensive) ways around the PDT rules. Just get more money.

 

[candles]

Yep. You're right. Just have to get more money.

Just that for a second I thought i'd found someone who allows you to trade as much as you like without loads of extra fees / expensive commissions etc.... Never mind.

 

[baggerlord]

just get a series 7...