What are the Minimum Equity Requirements for Day Trade Margin Accounts?
An account classified as a Pattern Day Trader Account requires a minimum liquidating equity of $25,000. Your liquidating equity can be found every morning on the bottom section of your comprehensive report found in the client center on our website www.terranovaonline.com. You can also see an example by clicking on the following link: http://www.terranovaonline.com/TNO2001/tno_ClientS/CompReport.asp. Liquidating equity may differ from margin equity as liquidating equity includes positions with a market value below $5.00, in addition to options positions.
