A Pattern Day Trader (PDT) is a designation for someone who makes 4 or more day trades within a rolling 5 business day period.
Starting June 4, 2026, the Pattern Day Trader (PDT) rule no longer applies on Nanovest, following the amendment to FINRA Rule 4210 approved by the SEC. You will no longer be blocked upon making your 4th day trade, and there is no longer any limit on the number of day trades you can make in a week.
For more information on what a day trade is, please refer to our FAQ 'What is a day trade?'