Does the pattern day trader rule still apply to my account?

It depends on your broker. FINRA eliminated the old 4-day-trades-in-5-days, $25,000-minimum pattern day trader rule effective June 4, 2026, replacing it with a new intraday margin standard. Brokers have until October 20, 2027 to fully switch over, so some accounts are still on the old rule during this transition.

What replaced the pattern day trader rule?

FINRA Regulatory Notice 26-10 replaced the day-trade-count PDT rule with an intraday margin standard. Instead of counting day trades against a 4-in-5-days threshold, brokers now monitor each account's actual intraday market exposure and require prompt coverage of any intraday margin deficit. The general margin account minimum remains $2,000, a separate pre-existing rule unrelated to day trading specifically.

Does the Pattern Day Trader Rule Still Apply to Me?

Enter Your Account

Has your broker switched to the new intraday margin rule?

Check your broker's margin disclosures or ask support directly if you're not sure. Most brokers are announcing this change as they roll it out.

Account equity ($)

Total equity in the margin account, not just cash.

Day trades already made in the last 5 business days

Count round trips (buy and sell of the same security same day) in the trailing 5 business day window. Only relevant if your broker still uses the old rule.

Your Result

Fill in the fields on the left and click Check to see which rule applies to your account and what it means.

How this is calculated

FINRA Regulatory Notice 26-10 (effective June 4, 2026) eliminated the old day-trade-count pattern day trader rule in its entirety, including the 4-trades-in-5-business-days threshold and the $25,000 minimum equity requirement. Firms have an 18-month phase-in window, until October 20, 2027, to finish adopting the replacement.
The replacement is an "intraday margin" standard: instead of counting day trades, brokers now monitor each account's actual market exposure during the day and require any "intraday margin deficit" to be covered promptly, generally within 15 business days, with stricter consequences if deficits become a pattern.
If your broker has already switched, there's no more day-trade count and no more $25,000 PDT-specific threshold. The general minimum to open any margin account at all is $2,000 (a separate, pre-existing FINRA rule, unrelated to day trading specifically).
If your broker hasn't switched yet, the legacy math still applies for now: a margin account is flagged once it executes 4 or more day trades within a rolling 5 business day window, and equity below $25,000 restricts further day trading until it's brought back up.
This tool cannot know your specific broker's rollout timeline. Your broker's own system is the authoritative source for which rule currently governs your account, brokers may implement the change at different times within the window, and some brokers count or apply either rule differently. Confirm directly with your broker before assuming your status.

Risk & liability disclaimer: This calculator produces a mathematical estimate based on the numbers you enter and general FINRA rule mechanics as published in Regulatory Notice 26-10. It is not financial, legal, or regulatory advice and does not guarantee any account status or outcome. Trading Habits is not a broker-dealer, registered investment adviser, or tax professional, and is not affiliated with any broker, exchange, or data provider, or with FINRA. We do not guarantee this tool is error-free or suitable for your situation. Always verify your actual account status and rule set directly with your broker before making trading decisions. You could lose some or all of the capital you trade with.

Does the pattern day trader rule still apply to my account?

Enter Your Account

Your Result

How this is calculated

More Trading Tools