day trader minimum amount?? uk

[jabar2]

hi there. does someone know if the 25K $ minimum amount to day trade aplies also to trading uk stocks or only US ??

 

[candles]

US stocks

 

[jabar2]

so having an 5k Ł account i can trade as many times a day uk stocks but only 3 trades in 5 days US stocks . am i right?

 

[candles]

I believe so

 

[HaloTrader]

Yeah jabar thats correct. However, understand that they're are reasons the US have applied that law... The same reasons are still present in UK shares.

 

[Charlton]

so having an 5k Ł account i can trade as many times a day uk stocks but only 3 trades in 5 days US stocks . am i right?

It is a US legal restriction related only to acquisitions of US equities and single stock futures/

You can trade up to 4 trades in a 5 day period before being classified as a pattern day trader, although some brokers will draw the limit at 3 to stop falling foul of the requirement.

The link below gives a detailed explanation from one US broker

http://www.interactivebrokers.com/en/p.php?f=margin&ib_entity=llc

Charlton

 

[jabar2]

that's all i wanted to know thanks everybody

 

[jammy1337]

so i could day trade UK with £2k?

 

[tar]

It is a US legal restriction related only to acquisitions of US equities and single stock futures/

You can trade up to 4 trades in a 5 day period before being classified as a pattern day trader, although some brokers will draw the limit at 3 to stop falling foul of the requirement.

The link below gives a detailed explanation from one US broker

http://www.interactivebrokers.com/en/p.php?f=margin&ib_entity=llc

Charlton

u cant daytrade more than 4 times , but u can trade 100 times a week if u didnt close your trades at the same day , correct me if i am wrong ...

 

[Fabrizzio]

I dont know how it is with most brokers in the UK. But with most brokers in the Netherlands there is a minimum initial account value above EUR 4000,00 for cash and margin accounts.

 

[Omoh101]

There is no minimum amount required BY LAW to day trade UK stocks. Individual brokers may have varied restrictions though. Some brokers may also specify a minimum deposit to open an account with them. But my experience is you are allowed to drop below this minimum once the account has been opened / activated.
I'd advise that you check with your broker.