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 |