We don’t place any limits on the amount of investment orders that you can make.

However, there is a restriction on “day trading” stocks that is placed on brokerage firms by US regulators, the Financial Industry Regulatory Authority (FINRA).

This limitation is designed to discourage investors from trading excessively, and is enforced where there is evidence of a customer being a Pattern Day Trader (PDT).

A “day trade” is the term for buying and then selling (or selling and buying) the same stocks in the same daily trading session. And, if activity on your account is flagged as Pattern Day Trading by the broker who we use to buy and sell US stocks on your behalf, then limits may be placed on your future trading activity for up to 90 days.

We’ll try to let you know if your trading activity could trigger this restriction, but we advise all customers not to engage in Pattern Day Trading to avoid disappointment.

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