L3VLUP

Pattern Day Trader Rule

The US margin rule that for many years required a margin account that day traded frequently to hold at least $25,000 of equity. The Financial Industry Regulatory Authority replaced it with intraday margin standards in Rule 4210, effective 4 June 2026 with a phase-in for brokers to October 2027, so a broker’s own policy is the current constraint.

Keep reading

Interview guides

Related Trading & Markets terms

Go further than reading

The written material is free. These are the ways to get it applied to your own work.

Browse the full glossary: 386 finance recruiting and technical terms, in plain English.