Update on Day Trading: What Inter Securities Customers Need to Know

We would like to share an important regulatory and platform update that changes how day trading activity is handled on your account. As of June 4, 2026, Pattern Day Trader (PDT) rules are no longer being enforced.

This update removes previous operational constraints, creating a more straightforward trading experience. Below is a detailed breakdown of what this change means for your investments.

What Is Changing?

Historically, PDT rules limited how frequently retail customers could buy and sell the same security within a single trading day unless specific account requirements were met. That traditional framework has now been discontinued.

Here is exactly what changes for your account:

  1. Discontinued Tracking: We no longer track or monitor Pattern Day Trader (PDT) status.
  2. Removal of Designations: Existing PDT flags or labels have been automatically removed from all accounts.
  3. No More PDT Violations: Trading frequency limitations tied to PDT will no longer trigger warnings, violations, or account restrictions.

Elimination of the $25,000 Minimum Equity Requirement

One of the most significant aspects of this update is that the $25,000 minimum equity requirement is no longer needed to day trade.

Previously, if your account equity fell below $25,000, your ability to execute day trades was restricted. Under the new guidelines, you have full flexibility to manage your portfolio regardless of your daily account balance.

A Simpler Account Experience

With the removal of PDT rules, navigating your account becomes a cleaner and more direct process:

  1. The "Pattern Day Trader" designation will no longer appear on your profile.
  2. Automatic restrictions based strictly on how many times you trade in a single day are completely removed.
     

This results in fewer operational interruptions during your trading journey.

What Replaces PDT? A Shift to Real-Time Risk Monitoring

The removal of PDT rules does not mean risk management has been eliminated. To protect both investors and the platform, the focus simply shifts from counting the number of trades to intraday margin monitoring.

Instead of applying a rigid limit based on frequency, Inter now evaluates your account in real time throughout the trading day. This approach analyzes your actual capital, market fluctuations, and overall portfolio exposure rather than the volume of your daily transactions.

Understanding Intraday Margin Deficits (IMD)

Because risk monitoring now occurs in real time, it is vital to understand the concept of an Intraday Margin Deficit (IMD). An IMD occurs if your trading activity or market exposure exceeds your account's available margin limits by the time the trading day ends.

If your account finishes the day with an IMD, the following standard procedure will apply:

  1. Margin Call: A formal requirement will be issued to cover the deficit.
  2. 5-Day Resolution Window: You will have up to 5 business days to deposit funds or meet the necessary requirement.
  3. Liquidate-Only Status: If the deficit remains unresolved after 5 business days, the account may be restricted to "Liquidate-Only" status for up to 90 days.

⚠️ Educational Note on Restrictions: While an account is in Liquidate-Only status, you are permitted to close existing positions to manage risk, but you will not be allowed to open new positions or withdraw funds until the restriction is officially resolved.

What You Need to Do

No action is required. These changes have already been implemented automatically for all eligible accounts. If you have any technical or operational questions regarding these new margin policies, our support team is available to assist you.

The Inter Securities Team

Investing involves risk, including possible loss of principal. This content is for informational purposes only and does not constitute an offer or recommendation to buy or sell securities.

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InterCommunications

Inter (NASDAQ: INTR) is a digital bank providing financial and lifestyle solutions to 44 million consumers. Our super app leverages technology to unlock simplicity, offering mortgages, credit, gift cards, investments, and international payments. Inter customers also enjoy access to a dynamic marketplace of shopping discounts, cashback rewards, and exclusive access to marquee events. Recognized by Forbes, CNBC, and others as one of the world’s leading FinTechs and digital banks, Inter leads with human innovation to empower the new economy. Learn more at US.Inter.Co.

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