The current Pattern Day Trader (PDT) rule is being eliminated and replaced by a new “Intraday Margin Rule” starting on 06/04/2026.
Here’s what changes:
- Margin accounts will no longer be labeled as a PDT if 4 or more day trades are completed within a 5 business day period.
- The $25,000 minimum account equity requirement to day trade is being removed.
- Note: There will still be a $2,000 equity requirement to invest on margin.
- Day Trade Buying Power (DTBP) will no longer be tracked or limited.
- Day Trade (DT) calls will no longer be issued.
- Any active 90-day closing restrictions previously applied due to PDT rule violations (including Day Trade Calls) will be lifted.
To learn more about the new Intraday Margin rule, review the following support article.
Note: All PDT changes are taking place on 06/04/2026.