Brokers With No PDT Rule

Do you want to know about offshore stock brokers with no PDT rule? The two best are Ustocktrade and CMEG Group. They allow you to trade with no restrictions. The PDT rule is one that most traders have to adhere to if they want to trade with margin and are below 25k in their brokerage account. As a result, day trading can limited.

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. PS – if you want a discount – we got you covered. We reached out to CMEG. Use code cmegbullishbears when you sign up in your application. This will save on commissions (they add up!)

Best Online Brokers With No PDT Rule List

  1. Ustocktrade
  2. CMEG Group

Ustocktrade

Online brokers with no pdt rule

Ustocktrade is a peer to peer broker who allows you to trade unlimited day trades in a cash account. You can not short stocks but you can trade inverse funds if you want to play bearish plays. They have a a mobile app and you can trade from that or directly from a browser. I have used them for day trading and it was fine. As long as you are trading decent stocks (no low float penny stocks) You are in good shape. You won’t have access to every single stock that a broker like CMEG, IB, or TD has, but all the popular stocks are there.

CMEG Group (Capital Markets Elite Group)

CMEG is apart of brokers with no PDT rule. They are based out of Trinidad and Tobago and are an offshore stock broker with a good rep. They have a free demo if you want to try them out before going ahead and using them. We have used them and many in our trading community do as well. They have a simulator you can get started with before going live – which we highly recommend. They are not a fly by night broker and are well established and respected.

You can try it out for yourself before going all in. They also provide desktop, web based and mobile platforms. They offer classic and mosaic styles of trading with their customized version of DAS TRADER or you can use STERLING. Read our full review in the link above for more details.

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 (learn how to invest in stocks).

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 with no pdt rule

What Is the PDT Rule?

  • 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.

Those are just a couple of online 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.

How Do You Get Around PDT Rule? Find the Best Online Offshore Brokers With No Pattern Day Trading

1. Finding online offshore brokers with no pattern day trading is just one of the ways to get around the PDT rule. While most brokers follow the rule, there are some brokers that don’t like Ustocktrade and CMEG.

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.

There are many companies but only a one reputable one at this point, and that is CMEG. Who falls under the PDT rule? Anyone under 25k in a margin account. Day traders is the reason 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, and you must not dip below or you can be flagged as a pattern day trader.

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.

Another option is option trading in a cash account.We can show you how to trade options this way in our trade rooms. It allows you to day trade options, day after day, because your trades settle the overnight! (T1)

Holding

Online brokers with no pdt rule

Alright, so you can find a broker that doesn’t have to abide by the rule because of its jurisdiction. Or you can swing trade and hold overnight, or day trade options.

Swing trading can be riskier than day trading because of the overnight hold, so it does require a good deal of skill and patience getting your entries. We do offer swing trade alerts through our stock alerts so be sure to check that out. As we know, breaking news will cause stocks to spike in either direction. Anything that comes out after hours can affect your trade the following day when the bell rings. 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.

Final Thoughts on Our Online Brokers With No PDT Rule List

Online 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. Even avoiding the PDT rule is not enough to make your account go to the moon. You have to know how to trade properly, and know which trades NOT to take as much as which trades to take.

Thanks for reading about brokers with no PDT rules and we’ll see you in the trade rooms. Stay lean, mean and green peeps!

5 comments on “Brokers With No PDT Rule

  1. Paul on

    I have been trading with CMEG for almost 12 months and I have found the DAS software they offer to be excellent.
    Regarding the actual broker, CMEG, I have discovered that they trade against my trades and on far too many occasions have ‘coincidentally’ found my trades going immediately the opposite way when I enter a trade, and when I exit to cut losses, the trade turns again. This pattern has been a repeated behaviour with CMEG, very strange, and very difficult to make a profit, day trading, with CMEG.
    Otherwise, all the software and other comments on this page about CMEG is correct.

  2. Derek on

    Paul, that is speculation. Brokers don’t have the ability to trade against you. They can trade against market sentiment but not individual retailers. What you are referencing is confirmation bias. This is where you bring forth action and the result causes to confirm your bias and then you assume this is how “everything” is. Simply not the case.

    What I think is the issue is that you need more experience before trading because either you’re not getting good enough confirmation prior to entry or you simply are gambling which will all appear scrupulous because of your losing money.

    I bet when you win you think your strategy works? The only way to have a “best guess” is to run backtest to see the probability of a strategy over time and hope it sticks close to your strategy when running it forward. Humans simply don’t have much better systems in place due to mathematical constraints. Now keep in mind institutions hire mathematicians that know way more than you and thus have better probabilities up and to the point where they know the market sentiment and can trade with or against it. I.e. Game stop. They simply were getting squeezed from too much shorting. Once discovered the retailers started buying and forcing callbacks and thus they lost money. It’s not a hard game to play but just throwing money at the market after you watch a youtube video is the worst way to trade.

    Take this from experience.

    Youtube will make you lose money. It’s the equivalent of asking uncle Joe for his advice. The people on youtube have no credentials and sell snake oil. You need to understand the market dynamics and structure, then move to probabilities and statistics then code then put it together and find a strat that has a winning percentage of >60% with the lowest drawdown if you are a daytrader which in the end is not the best way to trade. Swing and long-term are far better because you pull yourself out of the volatility daily and look for more solid reasons for entry i.e. (news catalysts coming up, economic plays, etc.) day trading attracts far too many gamblers and is very dangerous.

  3. Alvin on

    I am very upset with CMEG’s new policy regarding leverage. They require a stock open above 5 dollars before they allow leverage. That means even if a stock opens at 4.50 and moves to 9 you are still not able to use leverage. Is there anyone that can recommend another broker with better leverage terms with no pdt?

  4. Serg on

    Hey Im looking for a good day trading platform that offers unlimited day trades with an account balance less than $25k.
    I use to use “Ustocktrade” they had unlimited day trades with no pdt rules because it was considered a peer to peer transaction so they only charged $2 per day trade, do you guys have something similar to that?

Leave a Reply

Your email address will not be published.