Joe2021 wrote:
Some brokers in Mainland could T+0 with no limit even if the balance falls beblow USD25000,such as Futu,Zinvest,etc.
Yep, accounts of those brokers don't have to abide by the PDT rule because they are based on sub-brokerage and not regulated by SEC.
However, Futu is a little bit different from other brokers in China or Hong Kong cause it is not only a broker in China but also in the U.S.
To be more specific, if you apply for a brokerage account of Futu(China or Hong Kong), your account won't be regulated by SEC, let alone should be aware of the PDT rule.
Instead, if you apply for a brokerage account of Futu(U.S), your account will be seemed as a U.S brokerage account and have to comply with the PDT rule.
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