Pattern Day Trader Reset
Instructions
A day trade is defined as a purchase and sale of a security (US and Non-US) within the same trading day. The FINRA regulations intended to limit the amount of trading that can be done in accounts with small amounts of capital, specifically accounts with less than 25,000 USD Net Liquidation Value. A Pattern Day Trader is someone who effects 4 or more day trades within a 5 business day period.
If your account has been designated as a Pattern Day Trader and you are eligible for a reset, you will be provided with a link to the PDT reset tool if you attempt to enter an order via TWS.
You may request a reset by following the below procedure:
-
Click on Help in the top right corner followed by Secure Message Center.
-
Click the Compose button and select Pattern Day Trader Request.
If your account is eligible for a reset, you will be directed through a series of steps to obtain a reset.
Note: The Pattern Day Trader reset request can be submitted via Portal (as described above), but not via IBKR Mobile or TWS.
Additional Resources
Learn About Support Center Tools at IBKR Campus
Visit the IBKR Client Portal Website