Hi, I was planning to create an account with Tradestation. I have the forms for the stocks and futures account. However it seems that its not *account* but *accounts*. The stocks account seems to be managed by Bear Stearns and the futures ones is managed by Refco. Does it mean that I would have to double fund? i.e. for Pattern Day trading, will I have to have > 30k in each account to trade? My IB account seems to be a single account from which I can trade stocks and futures. Regs
I trade through Tradestation and I have multiple accounts - 1 for stocks and 1 for futures. Each have their respective limits for active trades - I believe that for stocks it's 30K and for futures it's 5K. As far as I know, there are no PDT rules for futures accounts. They clear through Bear Sterns (Stocks) and Lind-Waldock/Refco (Futures). In other words, there is no such thing as a "Universal Account" a-la Interactive Brokers HTH. -eLindy