As a Canadian I can guarantee theirs no PDT here when trading U.S markets. Another rule U.S has that we don’t follow here is I think they call it free riding. Where in a cash account you can’t trade unsettled funds. Here they view it as that if I buy a security in cash account with t+2 but then sell with t+2 I can buy another security since they all settle on t+2. Just can’t withdraw those funds until after settling.
Absolutely, it would be, but he wasn't that serious about it (fading interest), neither he had any skill.
That's right. I was with Interactive Brokers and my account was subject to the PDT rule back when they were a USA firm. When they branched off Interactive Brokers Canada, that rule went away because we have no equivalent rule up here.