Under 25k with no series7
- Thread starter hype
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Anybody can trade stocks with less than $25k provided that they do not qualify as a pattern day trader (PDT). The PDT rules were established by the SEC and carry the weight of law. The only way you can legally get around PDT is to go outside the SEC's jurisdiction. Why would you want to do that? Regulation is very much a mixed curse. You can always go to a third world country to trade, if you wish.
Most brokerages offer LLC-sub accounts today. You can
deposit with $5K, and at least 5times buying power will
be given to you.
But remember, the money isn't yours, if the brokerage wants
to be dishonest with you. you can't claim nothing and also
your money isn't insured in your name anyway
I use www.AllDayTraders.com
They are the only non-prop firm I know of that will let you day trade everyday with under $25,000 in your account. The DAS software is pretty good and they will usually offer you a lower commission than they have listed on their site if you email them and request it.
They are the only non-prop firm I know of that will let you day trade everyday with under $25,000 in your account. The DAS software is pretty good and they will usually offer you a lower commission than they have listed on their site if you email them and request it.