New way to avoid Pattern Day Trader PDT rules

[Turveyd]

The old days we'd have called that a bucket shop, given the only one on the other side is the CEO's trading company. But guess if you do the SEC paperwork, you're an ATS and that sounds more reputable.

As long as they play fare, take the 98% which lose's money but don't restrict or fail to pay out for the 2% then all is fine for me, bucket shop or not.

FXCM never caused me an issue EVER, be sad to leave them, damn regulations from snowflakes, trying to protect the 98% rather than help the 2%