Pattern Day Traders are clients who execute 4 or more day trades within a rolling 5 business day period. In order to be a Pattern Day Trader FINRA requires account holders to maintain at least $25,000 of equity in their account. If you have equity lower than $25,000, and are flagged as a PDT, you will receive an Equity Maintenance (EM) call.
The EM call will be for an amount of the difference between $25,000 and your current account equity value. Essentially, it’s requiring you to deposit funds to bring your equity above $25,000. To meet the call, you must deposit equity in the form of cash or equity into your account. Please see screenshots below to apply for PDT reset.
If, however, you are unable to meet the EM call by bringing your account value above $25,000, Webull offers a One-Time reset for your PDT violation that can only be used once every 90 days.
An EM call for being a PDT below $25,000 will restrict you from day trading. If you day trade while in an EM call your account will receive a DT call and will be closed until both calls are met. If your equity is above $25,000, you could still be flagged as a PDT but would not be restricted by the 3 day trades within 5 business days rule.