What is a day trading account?
A- For investors whose personal trading styles tend to be more short term or who trade regularly during the day, ALAHLIBrokerage offers Day Trading Facility. As a Day Trader, your account will be designated as a “Pattern Day Trading Account” and you will be able to buy and sell your deposited amount several times in a day. Such accounts must have a $30,000 minimum balance and the transactions have a 100% cash requirement. If you wish to apply for “Day Trading”, please click here and read, complete, sign and return the attached Day Trading Application.
A day trading account is an account with a balance of at least $25,000 or an account that has displayed day trading tendencies. Any account that exceeds three (3) day trades in five (5) business days is automatically considered a day trading account and will be required to maintain a balance of $25,000 to retain margin ability.
