SureTrader Account Trading Requirements

SureTrader is a Bahamas-based online broker enabling day traders to execute trades freely with no pattern day trading rules for our account holders. Day Traders can open an account and begin active trading with as little as $500 and 6:1 leverage.

Trading Requirements

SureTrader Account Trading Requirements

SureTrader is a Bahamas-based online broker enabling day traders to execute trades freely with no pattern day trading rules for our account holders. Day Traders can open an account and begin active trading with as little as $500 and 6:1 leverage.

We offer the perfect combination of the best trading platforms and low brokerage fees available to our day traders. SureTrader has a 10,000+ symbol short list plus penny stocks to make us a great option for online day trading. One additional factor in the SureTrader Difference is our clients’ access to post market trading.

Minimum equity balance to maintain trading privileges
Individual/Joint Margin Account $500
Individual Cash Account $500
Corporate Margin Account $500
Options Cash Account $500
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Margin Trading Requirements

There are 2 types of margin available – Overnight (2:1) and Day Trading (6:1). Overnight buying power is limited to two times the available equity at the end of the preceding day. Overnight positions held above two times equity will result in a margin call. You may have up to 3 business days to cover an overnight call by either sending in new funds for the amount of the call or liquidating positions to meet the call. If you liquidate positions to meet this call, your account may be restricted or closed. If you do not cover the amount of the call when due, Swiss America Securities, Ltd. will liquidate your position.

Day Trading buying power is applied to stocks that you day trade (buy and sell in the same day). For margin accounts with equity above $500, the margin is set at 6:1 and there is no limit on the number of day trades that can be made. Note that overnight positions still must not exceed 2:1 margin.

Buying power figures are set at the beginning of the day and generally will not be increased for the remainder of the day (covering overnight positions may not increase these numbers). When you have overnight positions your available buying power will generally be computed as follows: 30% of short positions and 25% of long positions, minus both figures from your equity and double what is left over. These percentages may be subject to change or differ by stock.

There are also increased margin requirements when shorting low priced stocks. The minimum requirement is $2.50 per share on shorts, so if you short a stock trading under $2.50 a share you still will be held to the increased requirement of $2.50 per share. Stocks trading between $2.50 and $5 will be held to 100% requirement on shorts. Stocks above $5 per share will be held to a minimum requirement of $5 per share and then the regular short requirements thereafter.

Swiss America Securities, Ltd. will generally attempt to contact you about any margin calls you may receive. This notice may be done by e-mail, phone or by other means pertaining to the details of your margin call. Clients must strictly adhered to all margin rules. Please be aware that Swiss America Securities, Ltd. is in no way obligated to inform you of your margin calls. It is your responsibility to monitor your own account at all times.

Overnight Buy Power Release: When you cover a position you had held overnight, we can allow the DAS Trader software to give you a release of buy power. This release will show up in both your intra-day and overnight buy power numbers on the software. The reason for this is because the overnight buy power amount shown in the software is only informational. It does not actually limit you to only trading that amount because the software does not know how long you will hold a position when you open it. The release that goes into your intra-day buy power CANNOT be used for intra-day trading (day trading). If you do any intra-day trades (day trades), they can only be done using the initial intra-day buy power you had before you covered the overnight position and got an additional release. You cannot use the newly released funds for new day trades. It can ONLY be used for taking new overnight positions. If you do use the released funds for new intraday trades (day trades) then you will get a day trading (DT) margin call. That type of DT call can ONLY be met by depositing new funds. If you get a DT call and do not deposit funds to meet that call, your account would be closed.

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Equity Requirements

The amount of equity required to open and maintain a day-trading account is $500. If your equity drops below this amount you must deposit additional funds to get your equity back up to $500.

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