Starting June 4, 2026, due to the amendment of FINRA Rule 4210 (filing SR-FINRA-2025-017), Pattern Day Trader (PDT) restrictions on margin accounts will be removed as you currently know them. This applies to all Vest users.
From this date:
You will no longer need to maintain $25,000 USD to engage in day trading
There will no longer be automatic restrictions for making multiple day trades
Accounts will no longer be marked as “Pattern Day Trader (PDT)”
PDT-related violations and restrictions will no longer be generated
You will be able to continue day trading without the previous PDT limitations
What happens now?
Although PDT restrictions will disappear, Vest will continue monitoring risks related to margin usage and negative balances generated during trading activities.
This new model is known as “Intraday Margin Monitoring”, a system focused on supervising the actual risk of the account instead of automatically limiting the number of day trades.
If an account generates a deficit or negative balance related to margin during trading activities, the system will expect it to be resolved within the normal settlement process.
However, if the deficit remains unresolved for 5 business days after notification, the account may temporarily enter “Liquidate Only” status for 90 days.
During this period, the user will not be able to make new purchases or withdrawals, although existing positions may still be sold.
Simple Example
Before
A user with $3,000 USD:
made more than 4 day trades within 5 days,
and could automatically become restricted under PDT rules,
even if the account was otherwise in good standing.
Now
That same user:
will be able to make multiple day trades,
as long as the account does not generate negative balances or operational risks related to margin.
If the account generates a negative balance and it is not resolved within 5 business days after notification, the account may temporarily enter “Liquidate Only” status for 90 days.
The new approach is now based more on the actual risk of the account and not simply on the number of trades performed.
Important
Day trading and margin usage involve significant risks and may not be suitable for all investors. Please make sure you understand the associated risks before actively trading.
This information is for informational purposes only and does not constitute financial advice or an investment recommendation.