Cash Account Trading Rules
Rules for Trading in Cash Accounts
Trades placed in a cash account require 2 business days for the funds to fully settle before they can be used to buy and sell again.
Accounts with less than $25,000 dollars are limited to 2 round-trip "day trades" a week (buying and selling on the same day). After 2 round-trip trades, a cash account holder is considered a day trader. A day trader must maintain a minimum balance of $25,000 dollars and is still subject to 2-day set...