Has My Broker Rolled Out the New PDT Rule Yet?

Why this isn't a single flip-the-switch date

The SEC approved FINRA's amendments to Rule 4210 on April 14, 2026, and the new intraday margin framework became legally operative on June 4, 2026. That date is when brokers were first allowed to retire the old pattern day trader (PDT) system, not when every broker was required to. FINRA's own transition rule gives firms that need to rebuild their margin and account-monitoring systems up to 18 months from the effective date, until October 20, 2027, to fully implement the change. In practice this means large, well-resourced brokers with real-time margin infrastructure already in place went first, while smaller or infrastructure-constrained brokers can legitimately still be running the old $25,000 PDT rule today.

What's actually confirmed broker by broker

This list covers only the brokers this run could confirm a specific rollout date for. Absence from this table doesn't mean a broker hasn't switched, it means this run didn't find a specific confirmed date; check that broker's own site directly.

What actually changed once a broker switches over

Once a broker's new system is live, the old PDT designation (four or more day trades in five business days) stops being tracked entirely, and the $25,000 minimum equity requirement for active day traders goes away. In its place, margin accounts are held to the standard $2,000 Regulation T minimum, and day-trading buying power is calculated from real-time ("intraday") margin excess throughout the session instead of the prior day's end-of-day snapshot. Brokers are still free to set their own house minimums above that $2,000 regulatory floor, and if trading activity outpaces available intraday margin, the account gets an intraday margin deficit (IMD) call instead of a PDT flag, typically with about five business days to resolve it before restrictions kick in.

How to check your own broker

• Search your broker's site for "pattern day trader," "PDT," or "intraday margin" — brokers that have switched over almost always publish a dedicated explainer page, the way E*TRADE, Schwab, and Interactive Brokers have.
• Check your account's real-time buying power display. If it's labeled "day-trading buying power" based on a fixed prior-day number, the broker may not have switched yet; if it updates intraday as positions move, it likely has.
• If in doubt, contact your broker's support directly and ask whether your account is on the old PDT framework or the new intraday margin framework, since the practical difference (a hard $25,000 wall versus a $2,000 floor with dynamic buying power) is significant for smaller accounts.