Does forex have day trading rules?
Asked 3 years ago
Are there PDT rules like your account having to have a minimum of 25k, a limited amount trades, etc., in Forex?
Andia Rispah Igobwa
Tuesday, December 14, 2021
Because NFA and FINRA do not have restrictions on day trading forex, futures options, or futures contracts, Futures Options are not subject to the same rules as other investing opportunities.
Because of NFA and FINRA regulations, covering margin on Futures, Futures Options, and Forex positions does not count toward the $25,000 minimum equity requirement for day traders.
So, let summarize:
Is there a PDT rule regarding foreign exchange trading?
The PDT rule does not apply to forex traders since it was designed exclusively for stockbrokers by FINRA.
Please follow our Community Guidelines
Related Articles
How to Create and Change Candlestick Charts on Webull
Andrew Moran
December 22, 2024
In Which Countries Is eToro Available?
Andrew Moran
December 22, 2024
Wealthsimple Review: Trading Options, Stocks, Fees, and More
Andrew Moran
September 30, 2021
Related Posts
Filip Dimkovski
What Are the Most Profitable Forex Indicators?
Filip Dimkovski
Best Forex Day Trading Strategies for Beginners
Andrew Moran
How to Day Trade Without 25k
Andrew Moran
The PDT Rule: Why You Need 25k to Day Trade
Andrew Moran
How Much Does a Pattern Day Trader Make?
Can't find what you're looking for?