Firms are required to set minimum criteria for day trading accounts. Clients who specify their Liquid Net Worth as less than USD 5,000 or list stock knowledge as limited qualify for non-day trading accounts. If non-day trading accounts make two day trades within a five day period, the account will be restricted to allow only closing orders on existing positions for 30 days. Clients can make a one-time request to remove this restriction if they did not intend to pursue a day trading strategy when making the second trade. To do this, "Preview" the order and click the "Remove Restriction" link.
Please Note
- IB UK, IB IE pro accounts have a USD 20,000 minimum Liquid Net Worth requirement for unrestricted stock trading. Therefore, such accounts will be restricted if their Liquid Net worth drops below USD 20K .
- A day trade occurs when a client opens and closes a position in the same account on the same security on the same day.
Additional Information