If the $25,000 minimum equity is no longer required for a pattern day trader, what is the minimum equity requirement?

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…

Under the FINRA rule change, which removes day trading margin requirements and replaces them with intraday margin standards, a customer shall not be considered to be making a practice of failing to satisfy an Intraday Margin Deficit (IMD) "as promptly as possible" due to an IMD that does not exceed the lesser of 5% of the equity in the margin account or $1,000…

Provided your IRA account has margin capabilities and that you maintain at least USD 25,000 in equity, the account will have day trading capabilities.

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…

Under the FINRA rule change, which removes day trading margin requirements and replaces them with intraday margin standards, cash can be withdrawn and securities can be transferred out if there is an open Intraday Margin Deficit (IMD) call. 

If an account is restricted, there will be no purchase which increases a trade date debit, and no short selling. The only new option transactions will be long calls and long puts…