If you have two online broker accounts for stock trading, can you day trade in both accounts?
meh asked:
For example, if you have less than 25k in both accounts, you are only allowed to do 3 day trades in a 5 day period. Can you get around this by having 2 accounts?
Yes as long at the accounts are titled differently IE individual, joint, trust etc. You would be able to do 6 day trades, 3 in each account, if you had two seperate accounts.
Comments on If you have two online broker accounts for stock trading, can you day trade in both accounts?
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Each account is treated separate. You cannot combine margin using multiple accounts even at the same firm.
Answered this further here:
Is there a penalty for having two online brokers?
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Yes as long at the accounts are titled differently IE individual, joint, trust etc. You would be able to do 6 day trades, 3 in each account, if you had two seperate accounts.
stock trading
Sorry. Each account must qualify on its own.