25 K minimum

Discussion in 'Retail Brokers' started by csco12358, Jul 22, 2002.

  1. Anyone knows any firms (pro or retail) that do not require the 25K minimum? If pro, ones that don't require series 7.
  2. Pointdirex prop trading program requires only 10 k min with 100%payout.
  3. alanm


    AFAIK, you have to be registered (pass the 7 and be subject to an SRO's jurisdiction) in order to trade other people's money, which is what you are doing at a pro firm.

    For retail daytrading, the 25K rule is the SEC's. You're unlikely to find a brokerage firm that will violate it, at least not for very long.

    If you want to avoid the 7 and the 25K minimum, learn to trade options, futures, or wait for single-stock futures.