Trading Account Requirements
PHD Trader Accounts |
Requirement |
Initial funding requirement | |
All account types | $25,000 |
Minimum equity balance to maintain trading privileges | |
Pattern Day Trade Account | $25,000 |
Retirement Account | $10,000 |
Cash Account | $10,000 |
Margin Account | $10,000 |
Options Account | $10,000 |
Portfolio Margin | $175,000 |
PHD WebTrader Accounts |
Requirement |
Initial funding requirement | |
Pattern Day Trade Account | $25,000 |
All other account types | $10,000 |
Minimum equity balance to maintain trading privileges | |
Pattern Day Trade Account | $25,000 |
Retirement Account | $2,000 |
Cash Account | $2,000 |
Margin Account | $2,000 |
Portfolio Margin | $175,000 |