Trading

If your account has been flagged as a Pattern Day Trader and you are eligible for a reset, there are two ways to request it:

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Option 1: Through TWS (Trader Workstation)
If you attempt to place an order and qualify for a reset, a link to the PDT Reset Tool will automatically appear in TWS.

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Option 2: Through Client Portal
• Log in to Client Portal.
• Navigate to Messages from the main menu.
• Click Compose, then select Pattern Day Trader Request.
If eligible, you’ll be guided through the necessary steps to submit your reset request.

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A day trade is defined as the opening and closing of the same position in a security within the same trading day. This applies to U.S. and non-U.S. securities, including:

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- Stocks
- Stock and Index Options
- Warrants
- T-Bills and Bonds
- Single Stock Futures

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You are classified as a Pattern Day Trader (PDT) if you execute 4 or more day trades within 5 business days, and those trades represent more than 6% of your total trading activity during that period.

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Once flagged as a PDT, your account must maintain a minimum equity of $25,000 to continue day trading without restriction.

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If your account is flagged as a Pattern Day Trader (PDT) and your Net Liquidation Value (NLV) is below USD 25,000, the following restrictions apply:

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- Flagged as PDT with $25,000 or less, you cannot open new positions, you can close existing positions only
- your 1st PDT violation, you will have a 5 business day lockout period unless you reset or fund the account up
- Your 2nd PDT violation (within 180 days), you be restricted for 90 calendar days unless you fund the account

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You can start trading again if you,
- Deposit Funds, bringing the account equity to $25,000 or more, you will then be able to trade immediately
- Request a one time PDT Reset, you will be able to trade after 5 business days from the last day trade
- Wait out (do not request a reset or fund the account) 90 days from last day trade

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Important information

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- 1 PDT rest is allowed per 180 days
- You cannot reset again if you are flagged a second time within that period
- These rules follow NYSE and FINRA regulations

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To check how many day trades are available in your MEXEM account:

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‍In Trader Workstation (TWS)

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Go to the Account Window via the top Account menu.

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Scroll to the Available for Trading section.

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Look for "Day Trades Left (T, T+1, T+2, T+3, T+4)".

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If you don’t see it, click the green plus (+) sign next to “Available for Trading” to expand the section.

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In Client Portal

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‍Go to Portfolio via the top menu bar Click on Balances and scroll to Trading LimitsLook for Day Trades Left

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See following table on How to Read the Day Trade Counter:

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Code      Meaning
T            Today
T+1        Tomorrow
T+2        In 2 business days
T+3        In 3 business days
T+4        In 4 business days

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You are allowed 3 day trades in a rolling 5-business-day window. The numbers (e.g., 0, 0, 1, 2, 3) show how many day trades are available on each respective day.

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As an Example:

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If the counter shows (0, 0, 1, 2, 3) and today is Wednesday:

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0 trades are available today (Wed) and tomorrow (Thu),
1 trade on Friday,
2 trades on Monday,
3 trades on Tuesday (assuming no new day trades are used).

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A “Potential Pattern Day Trader” error occurs when your account meets two conditions:

1. You have made three day trades within a rolling five-business-day period.

2. Your account has a Net Liquidation Value (NLV) under USD 25,000

This message acts as a preventive restriction, even if you do not intend to continue day trading,  to ensure your account does not violate SEC Pattern Day Trading (PDT) rules.

Why this restriction occur:

The SEC PDT Rule defines a Pattern Day Trader as someone who executes 4 or more day trades within 5 business days in a margin account.

If your account falls below $25,000 NLV and you've already used 3 day trades, the system automatically blocks you from initiating any new positions.

This applies regardless of whether the new trade would result in a day trade or not.

Remember, this is a protective rule and cannot be overridden or manually lifted.

Timeframe:

You must wait for the rolling 5-day window to reset before your account will allow new position openings.

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The restriction is automatically lifted once the 5-day period ends and you are below the day trade threshold.

To avoid the restriction

Maintain a Net Liquidation Value of $25,000 or more

Avoid placing more than 3 day trades in a 5-business-day window

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Use a cash account (not subject to PDT rules, but limited by settlement)

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Yes. MEXEM UK allows seamless trading across 20+ currencies.

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You can automatically convert GBP at live interbank rates with a minimal 0.2% FX markup (excl ISA), or hold multi-currency balances to manage exposure and reduce conversion costs on global portfolios.
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For Stocks & Shares ISA accounts, holdings must remain in GBP. When you trade in a foreign currency, an auto-FX conversion is applied at 0.25% plus any third-party fees.

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Through your MEXEM UK General Investment Account you can trade stocks, ETFs, and bonds on over 150 global exchanges.
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Stocks & Shares ISA accounts are limited to HMRC-eligible securities.