Does eToro have the Pattern Day Trading (PDT) Rule?
Asked 4 years ago
If I use eToro, how susceptible will I be to the PDT rule if I make multiple trades in my margin account over a few days?
Osasere Okunloye
Sunday, August 08, 2021
eToro is an international broker but are now a member of FINRA, so if you pay the US Federal Tax, the pattern day trading rule will apply to you. According to the FINRA rules, a pattern day trader "can trade up to four times the maintainance margin excess in the account as of the close of business of the previous day"
Please follow our Community Guidelines
Related Articles
What You Need to Know Before Buying Crypto With PayPal
Shir Lapidot
April 21, 2021
How to Transfer Cryptocurrency Between Exchanges
Andrew Moran
July 28, 2021
eToro Platinum Tier: The Benefits and Requirements
Andrew Moran
December 22, 2024
Related Posts
Blog
Andrew Moran
In Which Countries Is eToro Available?
Blog
Andrew Moran
How to Day Trade Without 25k
Top 10
Filip Dimkovski
Top 6 Forex Brokers for Day Trading
Can't find what you're looking for?