I heard about a rule called the 25k rule for Interactive Brokers. I'm not sure what it is exactly. Could someone explain the details of this rule to me and how it applies to trading with Interactive Brokers?
6 answers
Eleonora
Thu Oct 17 2024
The New York Stock Exchange (NYSE) has implemented strict regulations regarding day trading accounts with low balances.
Bianca
Wed Oct 16 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of traders.
amelia_harrison_architect
Wed Oct 16 2024
According to these regulations, any account holding less than USD 25,000 and designated as a day trading account is subject to specific restrictions.
henry_rose_scientist
Wed Oct 16 2024
Once such an account is flagged, it becomes necessary to take immediate action to comply with the NYSE's guidelines.
HallyuHeroLegend
Wed Oct 16 2024
Specifically, the account must be frozen to prevent any further trading activities from taking place.