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What will happen if my pattern day trade margin account falls below the $25,000 minimum equity balance?

April 26, 2017account falls margin minimum Pattern Trade

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What will happen if my pattern day trade margin account falls below the $25,000 minimum equity balance?

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If an account begins the day below the $25,000 minimum and is coded as a pattern day trade account, the account will be restricted to trading one times cash available on an aggregate basis. In addition, when the account falls below the minimum equity requirement, a minimum equity call is issued.