can I make unlimited day trades with a cash account on tradezero?
can I make unlimited day trades with a cash account on tradezero?
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Yahya Essam · External communityPost link
External question — Personal Finance Stack Exchange
Author: Yahya Essam
Original post: https://money.stackexchange.com/questions/135391
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
I know That tradezero doesn't have the PDT rule for the margin accounts.
so as I understand if someone has 500$ account he can use them to sell and buy multiple times all the day.
so I was thinking about the cash account . is it also able to do multiple day trades everyday with the same balance or there is a settlement period for that balance after only using it once ?
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: Yahya Essam Source score (net votes, not local likes): 1 Original post: https://money.stackexchange.com/questions/135391 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I know That tradezero doesn't have the PDT rule for the margin accounts. so as I understand if someone has 500$ account he can use them to sell and buy multiple times all the day. so I was thinking about the cash account . is it also able to do multiple day trades everyday with the same balance or there is a settlement period for that balance after only using it once ?
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