CHECK PATTERN DAY TRADER STATUS
The first place to check is your Account window. Go to the Available for Trading section and look for the row with Day Trades Left. If you see zero trades left for today, but trades available in the next few days, you are not flagged as a Pattern Day Trader, but you have ran out of day trades. This is also known as being flagged as a "Potential PDT". The system will prevent you from opening a fourth potential day trade as to not flag your account as a Pattern Day Trader.
If you show all zeroes in the Day Trades Left field, you may have been flagged as a Pattern Day Trader.
You can check your Pattern Day Traders status in Client Portal:
- Log in to Client Portal
- Click the Get Help (question mark icon in the top right corner) followed by Pattern Day Trader (PDT) Reset
- Click on Compose and select Pattern Day Trader Request to launch the tool
- The tool will launch with a window that says “From this screen you will be able to verify your pattern day trading status and take action accordingly”
- Click the CHECK STATUS button to check your PDT status
Please Note
- Accounts that have not yet been migrated to the intraday margin standards are still subject to the Pattern Day Trading (PDT) rules and are not yet subject to Intraday Margin Deficit (IMD) calls. For more information on the FINRA rule change please review the FAQs on IMD.
Additional Information
- PDT restrictions available in our Knowledge Base
- What is the definition of a "Potential Pattern Day Trader"?