Pros and Cons of getting around Pattern Day Trader (PDT) rules

Pros and Cons of getting around Pattern Day Trader (PDT) rules

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mteam88 · External communityPost link
External question — Personal Finance Stack Exchange Author: mteam88 Original post: https://money.stackexchange.com/questions/140737 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 have done some trading in my time, and I wondered how to get around the Pattern Day Trader (PDT) rules (this does not directly relate to me because I prefer swing or long-term investing.) I have briefly researched two ideas: Trading with an out-of-country broker. Using a cash account (opposed to a margin account) What are the pros and cons of the two ideas? Note: Please give your answer in a format that is readable and easy to understand.
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Bob Baerker · External communityPost link
External answer — Personal Finance Stack Exchange Author: Bob Baerker Original post: https://money.stackexchange.com/a/140739 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. In many countries, brokers are regulated (for example, the SEC in the US and the FCA in Britain). In addition, in the US, there's SIPC insurance. Trading with an out-of-country unregulated broker is a major risk. What recourse will you have if they screw up or if they scam you? In the US, there is no limit to how many day trades you can make in a cash account as long as you are using settled funds. The catch is that settlement is T+2 so your trade frequency will be limited unless you trade small.
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: mteam88 Source score (net votes, not local likes): -1 Original post: https://money.stackexchange.com/questions/140737 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 have done some trading in my time, and I wondered how to get around the Pattern Day Trader (PDT) rules (this does not directly relate to me because I prefer swing or long-term investing.) I have briefly researched two ideas: Trading with an out-of-country broker. Using a cash account (opposed to a margin account) What are the pros and cons of the two ideas? Note: Please give your answer in a format that is readable and easy to understand.

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