|
Active traders are stock traders who hold positions for a very short time and make a number of trades each day. Most active traders are also pattern day traders. Pattern day traders are individuals who place four or more day trades in five business days, unless his or her day-trading activities do not exceed 6% of his or her total trading activity for that time period.
Pattern day trading accounts must be margin accounts maintaining a minimum $25,000 in equity from the start and at all times during day trading activity. If you are unsure if you qualify as a Pattern Day trader please click here
If you are interested in opening an active trading account or a day trading account, please download and complete the following forms to include with your completed new account forms. Please be advised that certain types of accounts designated as cash only accounts are not eligible for pattern day trading. If you already have an account with LowTrades, please send your completed forms with your account number to:
Success Trade Securities, Inc.
1900 L Street, NW Suite 525
Washington, DC 20036
 Daytrading Agreement 
Daytrading Risk Acknowledgement
|
