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What is a day trading margin call, and how does it affect my account?

April 26, 2017affect day trading margin call my account

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What is a day trading margin call, and how does it affect my account?

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A day trading margin call is generated when a customer day trades in excess of day trading buying power. In an account with a day trading call, day trading buying power will be reduced to two (2) times maintenance margin excess, which will be calculated based on the cost of all day trades during the day, rather than the “time and tick” method used in accounts not subject to day trading calls. If a day trading call is not met by depositing funds within five (5) business days, the account will be restricted to trading only on a cash-available basis for ninety (90) days or until the call is met.