Are IBKR Lite accounts subject to the Pattern Day Trading (PDT) rules?

Under the FINRA rule change replacing day trading margin requirements with intraday margin standards, new margin accounts will generally not be subject to the pattern day trading (PDT) rules. However, depending on your account setup, your account may remain subject to the PDT rules during the implementation period specified by FINRA…

In order to avoid being subject to limited day trading, you will need to ensure your account Securities Net Liquidation Value has over USD 25,000 in value.

You can find an Overview of Pattern Day Trading ("PDT") Rules…

Overview:

Yes, if a position that is opened is subsequently closed in the same trading session (day), it is defined as a Pattern Day Trade. If a liquidation results in the closing of a position that was opened in that same session/day, it would be counted towards the Pattern Day Trade total. This could also result in the account being flagged as a Pattern Day Trade account…

Yes, IBKR Pro and IBKR Lite margin accounts are subject to the PDT rule even if you currently do not hold a margin loan.

You can find an Overview of Pattern Day Trading ("PDT") Rules on the IBKR website…