lowtrades / Just2trade - PDT rule etc

I have only just heard of lowtrades.com and just2trade.com (I believe they are related brokers?)

Does anyone here have accounts with them?

Am I right in thinking that you can daytrade with them, without
having to put up the $25k usually required under the pdt rule? (if so, how can they do this?)

Any other info?

Thanks

 

Where did you hear such things?

 

Just through googling "pdt restrictions" I came across a board where someone said you can trade as many times as you want with just2trade with a $2000 account.

I then went to their site and couldn't see any mention of the 25k usually required....

Could be wrong though....

 

oh well

Upon more reading it looks as if that person was wrong and you still need the usual $25k...... Never mind.

 

I coulda sworn I suggested 2 partnership firms to you in this thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=130801

There are (expensive) ways around the PDT rules. Just get more money.

 

Yep. You're right. Just have to get more money.

Just that for a second I thought i'd found someone who allows you to trade as much as you like without loads of extra fees / expensive commissions etc.... Never mind.

 

just get a series 7...