FINRA scraps $25K pattern day trading rule for US traders

MSN
2026.06.04 10:33
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FINRA has eliminated the $25,000 minimum balance requirement for pattern day traders, ending a 25-year rule. Brokerages will now monitor real-time risk instead of counting trades, allowing them to block overleveraged positions or issue same-day margin calls. Robinhood and Webull are implementing this change immediately, while Schwab, Interactive Brokers, and E*TRADE plan to follow in coming days.