I searched this thread and IB's website and still have not found the answer. I recently opened an IRA Margin Account with IBKR LITE and just downgraded it to a Cash Account. With an IB IRA Cash Account under 25k, can I day trade as often as I like? Generally the PDT rule doesn't apply to cash accounts under 25k but is it different with an IRA or with IB/IB Lite? (I'm aware of the T+2 settlement.) Because, in the process of downgrading, the support ticket said, even in an IRA cash account under 25k, I'm still subject to the PDT rule. What's true? Thanks.