Hello,
I want to create an app that helps my customers trade equities and make money on their ecommerce earnings. Since the app i am making can be considered a day trading app, i have seen the pattern day trading rule that states:
The minimum equity requirement for a pattern day trader is $25,000 (or 25% of the total market value of securities, whichever is higher)
I have around 10,000 customers with at least 100 usd to trade stocks. I can deposit the required $25,000. However, my total trades value would be 10,000 x 100 = $1,000,000 does it mean i must have 25% of 1 million which is $400,000 already deposited or will the $25,000 be enough?