Are there any day trading restrictions?

Effective June 4, 2026, TradeZero America replaced the previous Pattern Day Trader (PDT) trade-counting rule with a new Intraday Margin (IM) framework.

Eligible margin accounts no longer need to maintain $25,000 in equity solely to actively day trade — though margin requirements and other risk controls still apply.

Good to know:

• Margin requirements apply to all margin accounts
• Buying power can fluctuate throughout the trading day
• Certain securities may carry higher margin requirements
• Positions held overnight remain subject to overnight margin requirements
• Accounts that exceed applicable margin requirements may receive margin calls, trading restrictions, or liquidations
• TradeZero America may apply additional risk controls or restrictions where appropriate
  

Cash accounts remain subject to settled-funds requirements and may still receive Good Faith Violations (GFVs) if unsettled funds are used improperly.

Margin trading involves substantial risk and is not suitable for every investor.