BROKERS WITH NO PDT RULE

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Do you want to know about brokers with no PDT rule? They allow you to trade with no restrictions. The PDT rule is one that most traders have to adhere to. As a result, day trading can limited.

The PDT rule also known as the pattern day trader doesn't allow for more than 3 day trades in a 5 day period for trading accounts under $25,000. The average trader typically doesn't have that amount of money to trade.

In fact, the Bullish Bears Facebook group is filled with traders under that restriction. So how do you get around that? There are a couple different ways.

BROKERS WITH NO PDT RULE

Finding brokers with no PDT rule is just one of the ways to get around the PDT rule. While most brokers follow the rule, there are some that don't. You may wonder how they can get around the rule.

They tend to be offshore brokers so they don't have to abide by SEC rules. The key is to find one you're comfortable using. Who falls under the PDT rule? Day trading is the strategy that this rule was designed for.

When you're day trading, you're getting in and out of trades multiple times a day. In order to make as many same day trades as you want, you need to have at least $25,000 in your account.

As many of us retail traders know, we don't have that kind of money laying around. There are some that do, however most individual traders don't. As a result, you either have to abide by the rule and only make 3 day trades a week.

You can find a broker that doesn't have to abide by that rule, or you can swing trade and hold overnight. However, swing trading can be riskier than day trading because of the overnight hold.

As we know, news moves stocks. Anything come out after hours can affect your trade the following day. So one way to get around that is to find brokers with no PDT rule. Then you can day trade to your hearts content.

Check out our trading service to learn more about different brokers.

Brokers With No pdt rule

SURETRADER

SureTrader is a broker that's based in the Bahamas. As a result, they avoid the PDT rule. They offer their services to USA based traders to get around the rule.

Now with SureTrader, they have a lot of fees that add up quickly. You pay commissions as well as for data and the platform. They charge for the mobile platform as well.

They have a free basic platform. However, if you want hotkeys, level 2, news and advanced charting, you do have to pay for that. That be a case where you use another broker for charting but this broker for day trading.

SureTrader is known for their short selling ability. They can locate a number of shares to short, which is a good thing. Since trading is a tug of war between buyers and sellers, it's good to know how to short and have the ability to do so.

SureTrader is known for bad customer service however. So if that's something that's important to you, then be aware of that.

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CAPITAL MARKETS ELITE GROUP (CMEG)

CEMG is apart of brokers with no PDT rule. They are based out of Trinidad and Tobago. They have a free demo if you want to try them out before going ahead and using them. That in and of itself can be a huge drawing card.

You can try it out before going all in. They also provide desktop, web based and mobile platforms. They offer classic and mosaic styles of trading.

Their commission fees are competitive with other brokers with no PDT rule. They have a fixed rate and then a volume tier. In essence, the more shares and stock you purchase, the lower the commissions are.

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They do charge inactivity fees as well as withdrawal fees. Their platforms cost money as well. Those costs can however be waived if you reach certain prices in commission fees.

They're also known to have good customer service. They respond quickly to emails and phone calls. Check out a list of the top trading companies. Also, here's a list of the top free trading brokers.

Online Brokers

IS THE PDT RULE A HINDRANCE?

Those are just a couple brokers with no PDT rule for you to look into. Is the PDT rule necessarily a bad thing though? Some traders can feel that way; especially when a stock is running and their funds are tied up elsewhere.

However, we could argue that learning how to day trade using that rule in fact protects your account. Having that limitation makes you more conscious of the trades you're making.

In fact, if you can't make smart trade having only 3 a week, what makes you think you could do so with unlimited trades?

In reality, the PDT rule could end up helping you to become a good day trader. Check out our trading service to learn different trading strategies.

Brokers with no PDT rule

BOTTOM LINE ON BROKERS WITH NO PDT RULE 

Brokers with no PDT rule allow you to make unlimited trades without having the $25,000 account minimum. Make sure you practice proper risk management when day trading. Without it you can blow up your account pretty quickly.

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