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Day Trades Left

Trading Term

A Pattern Day Trader is someone who has an IBKR Lite or Pro margin account and who affects 4 or more “day trades” within a 5 business day period. Pattern Day Traders must maintain at least USD 25,000 in their margin account. If your margin account is under USD 25,000 then you are limited to 3 “day trades” in a rolling 5 business day period, but if you use all 3 “day trades” then your account is flagged as a “Potential Pattern Day Trader”.

Users may elect to downgrade from a Margin type account to a Cash type account as cash accounts are not subject to Pattern Day Trading. 

The “Day Trades Left” counter shows the number of day trades available for the next 5 business days, displayed as (T, T+1, T+2, T+3, T+4), where T represents today. The numbers begin at 3 and decrease by one each time a day trade is executed.

For example, if the display shows (0,0,1,2,3):

  • First number (0) means no day trades available today
  • Second number (0) means no day trades available tomorrow
  • Third number (1) means one day trade available in two days
  • Fourth number (2) means two day trades available in three days
  • Fifth number (3) means three day trades available in four days

This information can be found:

  • In TWS: Under the “Available for Trading” section of the Account Window
  • In Client Portal: On the home page under the Balances tab, within the Trading Limits section

Content only applicable to IBLLC, IBUK clients.

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