The United States has something called the Pattern Day Trader (PDT) Rule which requires traders to have a minimum of $25,000 cash balance in your broker account in order to day trade more than 3 times in a 5 day period.  Since most day traders take 3-5 trades per day, they are considered Pattern Day Traders. 

Many of our students don't have $25k.  There are some offshore brokerages that do not enforce the PDT rule, such as CMEG which is a brokerage located in the Bahamas.  They will allow you to day trade as much as you'd like with a $500 minimum balance.  They aren't a place I would want to trade forever, but they can be a great place to trade while you build your account. You can also view our in depth review on CMEG : 

If you're a resident of a country outside of the United States, TradeZero is another option to consider for brokerages that do not enforce the PDT rule:

In 2016, Warrior Trading's Ross Cameron traded a $1k account and turned it into $8,653 in 1 month (using a brokerage Suretrader, which is no longer around).  You can see more about that month of trading here:

In 2017, Ross Cameron started with a $583.15 account and turned it into $1 million in just over 2 years. You can follow the journey here on YouTube or view Ross' audited statements here: 

In December 2019, Ross started another Small Account Challenge, and grew at $500 account at CMEG to $53k in just 17 trading days. Follow that challenge here: 

You can also learn more about the PDT Rule here:

Still have questions? Please reach out to our Support Team, and we'd be happy to help.