Does forex have day trading rules?
Asked 4 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
Fortrade vs. AvaTrade - The Trading Platform Stand-Off
Filip Dimkovski
June 28, 2021
Social Trading: What Is It and Which Networks Should You Look At?
Andrew Moran
October 5, 2021
eToro vs. AvaTrade: Compare Products, Features, Fees, & More
Filip Dimkovski
October 25, 2021
Related Posts
Andrew Moran
How Much Does a Pattern Day Trader Make?
Filip Dimkovski
The Fundamentals of Forex Currency Exchange Trading
Filip Dimkovski
What Are the Most Profitable Forex Indicators?
Andrew Moran
How to Day Trade Without 25k
Can't find what you're looking for?