Failure to cover an Intraday Margin Deficit (IMD) by its due date will result in the margin account being issued an approximate 90 day closing restriction.
During this time, the account will be limited to holding positions, placing closing trades, or transferring existing positions.
The 90 day closing restriction will reset if any additional IMDs are not covered during the closing restriction period.
To have the restriction lifted early, there must be a net deposit and/or liquidation (if eligible) of positions held prior to the IMD(s) being issued to cover the sum of all outstanding IMDs. Once completed, chat with us to let us know.
- Please note, liquidation to cover an IMD is only allowed 3 times in a rolling 12 month period.
- After reaching this limit, IMDs can only be covered via net deposit.
If no action is taken, the restriction will be removed after the approximate 90 day period, and the account will be able to place opening trades again.
Note: All PDT changes are taking place on 06/04/2026.