Which Brokers Dropped the Pattern Day Trader Rule? (2026)

Which brokers dropped the pattern day trader rule? Most of the big names already have. FINRA scrapped the rule on June 4, 2026, and Robinhood, Schwab, E*TRADE, Fidelity and TradeStation have all said on their own sites that the $25,000 minimum is gone. A couple still haven’t given a date. Here is where each one stands, with a link to the broker’s own page so you can check it yourself.

Which brokers dropped the pattern day trader rule?

Every row below comes from the broker’s own help page or announcement, not from news stories or review sites. Click a broker’s name to read its page.

Last checked: October 22, 2026. Robinhood and Schwab both say they lifted the old PDT flags. Schwab went a step further on July 13, 2026, adding intraday margin buying power for margin accounts holding at least $2,000. Interactive Brokers says the $25,000 minimum is being removed, but warns that some accounts may stay on the old rules until October 2027. Webull’s page still shows the old limit of three day trades in five business days and says it will share a date.

Why your broker may still use the PDT rule

FINRA’s change took effect on June 4, 2026, but it didn’t force every firm to flip a switch that morning. Its Regulatory Notice 26-10 lets brokers that need more time phase the new standard in over 18 months, until October 20, 2027.

So a broker still counting your day trades today isn’t breaking any rule. Brokers can also set house rules stricter than FINRA’s, and some will. If you want the full story of what the old rule said and what replaced it, our pattern day trader rule explainer covers it start to finish.

How to check if your broker dropped the PDT rule

If your broker isn’t in the table, or you want to be sure about your own account, this takes about five minutes.

• Look at your trade screen. A “day trades remaining” box or a three-in-five-days tally means your account is still on the old system.
• Search your broker’s help center. Try “pattern day trader” and “intraday margin.” A page dated after June 4, 2026 will usually give the switch date.
• Ask support one question. “Has my margin account moved to FINRA’s new intraday margin standard, and do you keep any minimum of your own for day trading?”

Write down the answer and the date you got it. If support says “not yet,” ask whether there’s a planned switch date.

What replaced the PDT rule at these brokers

The brokers that switched no longer count how many times you buy and sell in a day. They watch how much borrowed money your account is using at any moment instead. FINRA calls that intraday margin, and our intraday margin guide walks through it in plain English.

Three things show up again and again on the brokers’ own pages:

• $2,000 is still the floor. You need at least $2,000 in a margin account to trade with borrowed money. That rule is decades old and didn’t change.
• Your limit moves during the day. What you can buy now goes up and down as your positions rise and fall, instead of being set once each morning.
• Some brokers block the order instead. Schwab and Robinhood both say they watch accounts in real time and can stop a trade that would leave you short of the money you need.

If your broker hasn’t switched yet

You still have room to work. A cash account was never part of the day trade count, so trading with your own settled money sidesteps the old limit entirely. Our cash account vs. margin account guide lays out both choices, and day trading under $25,000 covers what else changed for small accounts this year.

The other way around it is to hold longer. A trade you keep for days or weeks never counted as a day trade in the first place. That’s how our alerts work: a buy price, two profit targets and a runner we let ride.

Take VSH. It was bought at $33.95 on May 8, 2026 and reached $63.27 on June 3, 2026, up 86% in 26 days. Not one day trade along the way. Every closed alert sits on our public trade log, where 407 of our first 427 closed alerts were winners. Sanctum members get each new alert as it goes out, at $49 a month instead of $99. And the free $2,000 Day Trader Trap report is the place to start before any trade.

Common questions

Keep reading

RegulationThe pattern day trader rule is goneRegulationIntraday margin, explainedSmall accountsDay trading under $25,000

PrimeFlow Trades publishes educational research and market commentary. Nothing on this page is investment advice or a recommendation to buy or sell any security. Trading involves risk, including the loss of money you invest. Past results, including any trade shown here, do not guarantee future results.