The tracker
The pattern day trader rule is repealed. Whether it still applies to your account today depends on your broker — and the only honest answer is a dated one, broker by broker, from the brokers' own pages.
Facts checked on October 22, 2026
For 25 years, FINRA's pattern day trader rule said: make four or more day trades in five business days in a margin account and you must keep at least $25,000 of equity. The SEC approved FINRA's replacement on April 14, 2026; FINRA published Regulatory Notice 26-10 on April 20, 2026; and the amendments to FINRA Rule 4210 took effect on June 4, 2026. The day-trade count and the $25,000 minimum are eliminated. In their place: intraday margin standards — your margin account's equity must cover the risk of the positions you hold during the day, deficits must be met promptly, and the long-standing $2,000 minimum equity for margin remains. Brokers that need more time may phase the change in until October 20, 2027. Cash accounts never had the rule; futures never had it either. Read FINRA's notice itself.
Type part of a broker's name to filter the table. 15 brokers checked on October 22, 2026, each against its own published pages. A broker not listed has not been checked yet — ask us, or ask the broker and get the answer in writing.
| Broker | Status | Date the broker states | What the broker says | Source |
|---|---|---|---|---|
| Robinhood | Dropped — the $25,000 rule is gone at this broker | June 4, 2026 | PDT flags and restrictions removed; the $2,000 minimum equity for margin still applies. | Robinhood Help Center, 'Day trading' (the broker's own page) |
| Webull | Dropped — the $25,000 rule is gone at this broker | June 4, 2026 | 'Accounts are not restricted by number of day trades.' 'No flag will be triggered.' | Webull's own PDT page |
| tastytrade | Dropped — the $25,000 rule is gone at this broker | June 4, 2026 (day one) | 'Traders of all account sizes now have more flexibility to day trade without the $25K minimum or the 3-in-5-day rule.' | tastytrade's own PDT page |
| Public | Dropped — the $25,000 rule is gone at this broker | June 4, 2026 | 'There is no longer a pattern day trader designation.' | Public FAQ, 'What changed with day trading rules?' (the broker's own page) |
| moomoo | Dropped — the $25,000 rule is gone at this broker | June 4, 2026 | 'All existing PDT flags and restrictions have already been removed automatically after June 4 2026.' | moomoo US Help Center, 'Intraday Margin Rules' (the broker's own page) |
| Fidelity | Dropped — the $25,000 rule is gone at this broker | Rules effective June 4, 2026; no separate Fidelity date published | 'Existing pattern intraday trading accounts will have any related PDT restrictions and/or calls dropped.' Margin accounts keep a $2,000 minimum equity requirement. | Fidelity Learning Center, 'Intraday trading' (the broker's own page) |
| Charles Schwab | Dropped — the $25,000 rule is gone at this broker | June 8, 2026 | 'As of June 8, Schwab no longer counts day trades in margin accounts.' Intraday Margin Buying Power followed on July 13, 2026, for eligible margin accounts with at least $2,000. | Charles Schwab, 'Schwab Updates Day Trading and Margin Rules' (the broker's own page) |
| E*TRADE | Dropped — the $25,000 rule is gone at this broker | June 9, 2026 | 'The PDT designation is eliminated... The PDT minimum equity requirement no longer applies. Clients are only required to maintain a $2,000 minimum equity balance pursuant to the existing margin rules.' | E*TRADE's published summary of the rule change (the broker's own words) |
| Interactive Brokers | Announced — removal stated, no date published | No implementation date published | Its margin page says the $25,000 minimum 'is being removed' and warns accounts may still be subject to PDT during FINRA's transition period, which ends in October 2027. Removal announced; the date your account changes is not published. | Interactive Brokers, margin rules page (the broker's own page) |
| Merrill Edge | Not yet confirmed — the old rule may still apply | — | Merrill's day-trading guidance still describes the old rule, and we found no implementation statement on its site at this check. Not yet confirmed. | Merrill's own site, searched October 22, 2026 |
| Vanguard | Not yet confirmed — the old rule may still apply | — | We found no statement about PDT implementation on Vanguard's site at this check. Not yet confirmed. | Vanguard's own site, searched October 22, 2026 |
| Ally Invest | Not yet confirmed — the old rule may still apply | — | We found no statement about PDT implementation on Ally Invest's site at this check. Not yet confirmed. | Ally Invest's own site, searched October 22, 2026 |
| SoFi Invest | Not yet confirmed — the old rule may still apply | — | We found no statement about PDT implementation on SoFi's site at this check. Not yet confirmed. | SoFi's own site, searched October 22, 2026 |
| TradeStation | Not yet confirmed — the old rule may still apply | — | We found no statement about PDT implementation on TradeStation's site at this check. Not yet confirmed. | TradeStation's own site, searched October 22, 2026 |
| Firstrade | Not yet confirmed — the old rule may still apply | — | We found no statement about PDT implementation on Firstrade's site at this check. Not yet confirmed. | Firstrade's own site, searched October 22, 2026 |
Dropped means the broker's own page states the $25,000 minimum and the day-trade count no longer apply, with the date it states. Announced means the broker states the minimum is being removed but publishes no implementation date — your account may still be under the old rule today. Not yet confirmed means exactly that: at our check date, the broker's own site carried no implementation statement we could find. We never fill a cell with a guess; if your broker's row matters to you, ask the broker directly and keep the answer in writing.
It does not make day trading safer, cheaper, or more likely to work. The loss statistics on this site are unchanged by the rule change: the full-market studies still count about 5% of day traders profitable after costs. What changed is who is allowed to try with a small account — and the new intraday margin standards mean a $2,000 account can now hold roughly four times its equity in intraday exposure at some brokers, with deficits that must be met promptly and restrictions for accounts that repeatedly leave them unmet. The wall did not come down; it was replaced by a door with a clock on it. Our checker's verdict for day trading is computed the same way it was before the repeal: from unit risk and costs, not from the old $25,000.
Seen a broker statement we have not caught, or a row that has gone stale? Write to help@doogex.com — dated corrections are the product. This tracker is re-checked monthly during the phase-in window.
The verdict gives you the arithmetic for your market and your capital. The Start-or-Wait Kit gives you the complete workbook: the demo-record audit (the 50-trade review grid), the staged capital plan up to your market's minimum viable capital, the 90-day learning plan week by week, and the real-cost tracker — the spreadsheet experienced traders build by hand, ready to fill in.
Included in the $39 Start-or-Wait Kit
Sources: FINRA Regulatory Notice 26-10 (April 20, 2026) and the brokers' own pages for the PDT tracker; ESMA Decision (EU) 2018/796 and the AMF restatement for European CFD loss figures; ASIC Report 828 (FY2023–24) for Australia; CFTC retail forex materials for the United States; Barber, Lee, Liu & Odean (Taiwan market data) and Chague & De Losso (Brazil) for day-trading outcomes; the FPFX Technology dataset of 300,000+ prop-firm accounts, reported by Finance Magnates (2024); broker-published minimum deposits and margin schedules as dated on the dataset page. If a figure has moved since our check date, the issuer's own publication wins — and write to help@doogex.com so we can correct ours.