There are some brokers willing to let you trade with 5K min. (even daytrading with 5:1 buying power)
This is legal because you're trading a sub acct which is not SIPC insured on your name but in the firms name so basicly your money is NOT insured if the firm goes under....
I don't think this is the way to go if you can bring up the money yourself but if you cannot.....
Hope this helps
This is legal because you're trading a sub acct which is not SIPC insured on your name but in the firms name so basicly your money is NOT insured if the firm goes under....
I don't think this is the way to go if you can bring up the money yourself but if you cannot.....
Hope this helps