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 : https://www.warriortrading.com/capital-markets-elite-group-review/
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: https://www.warriortrading.com/how-to-day-trade
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 https://www.youtube.com/playlist?list=PL1xI23WKVWifbz4T76SlG9l2a74JmkD0p or view Ross' audited statements here: https://www.warriortrading.com/audited-trading-track-record/
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: https://www.youtube.com/playlist?list=PL1xI23WKVWicz505nLuONC28iWh0nuPWq
You can also learn more about the PDT Rule here: https://www.warriortrading.com/pattern-day-trader-definition-day-trading-terminology/
Still have questions? Please reach out to our Support Team, and we'd be happy to help.