The Pattern Day Trading Rule ("PDT") does not apply to future contracts, options on futures contracts or Forex as they are considered commodities.
The PDT applies to both U.S. and non-U.S. securities positions, including stocks, ETFs, mutual funds, options and warrants. In addition to product consideration, application of the rule also depends upon the IBKR entity through which an account is maintained. Click here for additional information.
Additional Information
- Overview of Pattern Day Trading ("PDT") Rules on our website.
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.