Subcontract trading

B

bprice

Is anyone familiar with any companies that have so-called umbrella accounts for those of us trying to avoid the pattern day trading rules. Essentially you put up money and it is pooled with other traders to escape the $25000 minimum for day trading accounts. But in actuality your account, trades etc are kept seperate.
Thanks in advance for any help
 
Quote from bprice:

Is anyone familiar with any companies that have so-called umbrella accounts for those of us trying to avoid the pattern day trading rules. Essentially you put up money and it is pooled with other traders to escape the $25000 minimum for day trading accounts. But in actuality your account, trades etc are kept seperate.
Thanks in advance for any help
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