What You're Seeing
If you received a 400 error when trying to place a trade, it's likely because our system detected a day trading pattern on your account, which would violate the Pattern Day Trader (PDT) rule.
Understanding the Pattern Day Trader (PDT) Rule
The PDT rule is a regulatory requirement established by FINRA and the SEC that applies to margin accounts. Under this rule:
You're flagged as a Pattern Day Trader if:
You execute 4 or more day trades within 5 trading days
Those day trades represent more than 6% of your total trades in that period
What counts as a day trade? Buying and selling (or selling and buying) the same stock within a single trading day. For example:
Buying Apple shares at 10 AM and selling them at 2 PM the same day
Shorting a stock in the morning and buying it back in the afternoon
The $25,000 requirement: Once flagged as a PDT, you're required to maintain an equity value of $25,000 or more in your account to continue day trading which is not supported on nsave as this is a regulated activity.
Why nsave Restricts Day Trading
nsave is not licensed to provide pattern day trading services. The PDT rule requires specific regulatory infrastructure, compliance systems, and licensing that are separate from standard investment services.
If you have questions about how to use your Invest account, our team is here to help at support@nsave.com.