Pattern Day Trading regulations allow a broker to remove the PDT designation, one time only, if the client acknowledges that she/he does not intend to engage in day trading strategies, and requests that the PDT designation be removed. If you wish to have the PDT designation for your account removed, provide us with the following acknowledgement using the online PDT request tool.
I agree to the following:
- I do not intend to engage in a day trading strategy in my account.
- I hereby request that you the broker no longer designate my account as a "Pattern Day Trading" account under FINRA rules.
- I understand that if, following this acknowledgement I engage in Pattern Day Trading, my account will be designated as a Pattern Day Trading" account, and you the broker will apply all applicable PDT rules to my account.
If your account has been designated as a Pattern Day Trader and you are eligible for a reset, you will be provided with a link to the PDT reset tool if you attempt to enter an order via the TWS. Alternatively, you may request a reset by using the button above or following the below procedure:
- Log into Client Portal
- Click the Get Help (question mark icon in the top right corner) followed by Pattern Day Trader (PDT) Reset
- Click the Compose button and select Pattern Day Trader Request
- If your account is eligible for a reset, you will be directed through a series of steps to obtain a reset
We will process your request as quickly as possible, which is usually within 24 hours.
If you do not see an option to request a reset, please see Why I am unable to submit a Pattern Day Trade reset request?
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.
- The Pattern Day Trader reset request can be submitted via Client Portal (as described above), but not via IBKR Mobile or TWS.
Additional Information
- PDT restrictions available in our Knowledge Base