day trading platform with under acct $25000 I beg you to answer!

[AudrySabo5]

i am currently using tradeking but it is pain in the ass when it comes to trading limit.
my budget is $8000 and i heard taht some prop. firms offers their platform with minimum of $5000 so that people can day trade
any suggestion?

[avestescobe]

I'm sure there are more authoritative answers but it is my understanding that under US regulations you must have minimum $25,000 to be eligible for a pattern day trading account...meaning that you will be able to go in and out of the same equity on the same day more than 3 times in a 5 day rolling period. Means you can do a day trade or two in a five day period but three is the max unless you have everything required for pattern day trading.

I don't know about the rest but TD Ameritrade has no minimums for regular trading or setting up an account. But $2000 minimum is required for any kind of margin trading...meaning shorts, and option trading where it is not cash or equity secured...etc.

[Avangerel]

Yep, some prop firms offer $5k down IF you take their training course (which usually costs more money) OR check out SureTrader.com. A Bahamas brokerage that takes U.S. citizens and doesn't have to deal with the day-trading rules U.S. brokers do. I have several clients that trade thru SureTrader. BUT along with the convenience of day-trading comes a few other fees such as platform and withdraw fees.

[avOi]

Although, your broker doesn't matter if you don't know how to trade.... Just saying, learn first, trade second.

[awufeigv]

the question should be : are you an american citizen or not..? If you are there is little you can do because you are not free to handle your cash like you want to...

all other people in the world can...

If you are not : here is your answer :http://www.whselfinvest.com/en/index.php

if you are , have a good think when you vote nex time