Jamie
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Posts posted by Jamie
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Hi All,
I am based in the UK and with IB-UK as my broker.
I started trading live today and I got hit with the pattern day trading restriction rules that apply to US citizens. I messaged IB and they told me that they apply to IB-UK customers too.
Have I been given incorrect information in the past (that this rule shouldn't apply to me)? Or has IB now decided to apply this rule to non-US customers?
If i have got this wrong, can anyone suggest an alternative broker that would work well for a $10,000 USD account size and beginner trader? I will be moving to Canada in a few months, if that is important information to know!
thanks,
Jay
Pattern Day Trading Rules for non-US Citizens with IB
in Day Trading Brokers
Posted
Hi Robert,
Thanks for reply. Any idea why it applies to those outside of the US? I am not in a conundrum as to whether increase my funding or switch brokers. Both are a huge hassle.