Hi I am wondering if I configure my account to be a limited margin account by turning off all margin settings in the configuration tab, will I still be subject to PDT? I know that if I have a cash account that I will be able to day trade but it will take time to settle. I am okay with this. However Alpaca doesn’t offer cash accounts right? Will it still work with limited margin accounts. Thanks
@Russell_Hertel You are correct. The SEC day trading rules apply to ‘margin accounts’ independent of whether margin is used or not or ‘turned off’. All Alpaca accounts are currently margin accounts so all accounts are subject to the pattern day trading rules.
@Dan_Whitnable_Alpaca Any recommendations on API’s that are just as easy to use but offer cash accounts? I need to be able to day trade.