Firstrade Implements FINRA's New Intraday Margin Framework Effective June 4
Firstrade Securities Inc., a U.S.-based commission-free online brokerage, is ready to support the new intraday margin framework introduced by FINRA. The changes take effect on June 4 and include no limit on day trades, real-time buying power calculations, and a reduced minimum equity requirement of $2,000 for active trading.
Topics: brokerage services day trading FINRA margin requirements