Broker that allows algo trading, no pdt rule and a low minimum deposit
Broker that allows algo trading, no pdt rule and a low minimum deposit
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Elias Knudsen · External communityPost link
External question — Quantitative Finance Stack Exchange
Author: Elias Knudsen
Original post: https://quant.stackexchange.com/questions/53846
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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I was looking for a broker that offers these things:
1. API for performing transactions from a script
2. No PDT rule
3. Low minimum deposit for a margin account (Able to short)
But I could not find any others than IB, which requires you to have at least 25.000$ in equities to surpass the PDT rule. A little help finding some brokers would be appriciated.
I am a non-US resident as well.
Asset class: Stock
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amdopt · External communityPost link
External answer — Quantitative Finance Stack Exchange
Author: amdopt
Original post: https://quant.stackexchange.com/a/53852
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
PDT (
Pattern Day Trader
) is an SEC rule. You will not find a US retail broker anywhere that allows you to surpass it.
If you were a professional with the proper licenses and had an account at a proprietary trading firm the rule could be surpassed. Here is a recent list of firms compiled by someone else. It is by no means comprehensive but maybe try contacting some of them:
Proprietary Trading Firms
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