Webull Unlocks Active Trading for All, Eliminating the Pattern Day Trade $25K Minimum Balance and Trade Count Restrictions

Webull (NASDAQ: BULL) will support removal of Pattern Day Trader (PDT) restrictions when the new intraday margining rules take effect, eliminating the prior $25,000 minimum balance and the three-day-trade limit within a five-business-day window.

Rhea-AI Summary

Webull (NASDAQ: BULL) will support removal of Pattern Day Trader (PDT) restrictions when the new intraday margining rules take effect, eliminating the prior $25,000 minimum balance and the three-day-trade limit within a five-business-day window. Webull says it will enable unlimited day trades under the new margin framework.

The change applies to stocks, ETFs, and options, and realized profits will be applied immediately to intraday buying power so traders can redeploy capital within the same session. Activation is subject to final regulatory approval and implementation timelines.

Positive

• Removes $25,000 PDT minimum for day traders under the new framework
• Unlimited intraday trades for eligible accounts once rules are effective
• Immediate intraday buying power as realized profits can be redeployed same session
• Applies to stocks, ETFs, and options, broadening product access for active traders
• Early adopter position by supporting rules on day one, per company

Negative

• Activation is pending final regulatory approval and specific implementation timelines
• Regulatory timing uncertainty could delay benefits for Webull clients

Argus Apr 15 session

+11.17% close to close Open Argus

Details

News Market Reaction – BULL

On Apr 15, the day this news came out, BULL closed 11.17% above the previous close.

Data tracked by StockTitan Argus for the Apr 15 session.

Key Figures

PDT minimum balance: $25,000 Day trade limit: 3 day trades Restriction window: 5 business days +5 more

PDT minimum balance

$25,000

Prior minimum account equity to avoid pattern day trader limits

Day trade limit

3 day trades

Previous cap within a rolling five-business-day period

Restriction window

5 business days

Rolling period used to count PDT day trades

Price move

10.23%

24-hour price change before/around this announcement

Current price

$5.825

Trading level versus 52-week high of 79.56 and low of 4.5

52-week high discount

-92.68%

Price performance versus 52-week high before this news

Volume today

11549276 shares

Compared with 20-day average volume of 10346836 shares

Market cap

2580611995

Equity value prior to market response to this announcement

Historical Context

5 past events · Latest: Apr 09

5 events

1. Apr 09

   Annual report filing

   24h Move

   -2.0%

   Form 20-F filing with audited 2025 financials and disclosures.

2. Apr 07

   Capital agreement change

   24h Move

   +0.0%

   Termination of standby equity purchase agreement after prior share issuance.

3. Apr 01

   Fraud prevention partnership

   24h Move

   -1.3%

   Brazil partnership improving automatic approvals and detecting remote-access fraud.

4. Mar 05

   Trade surveillance deal

   24h Move

   -5.6%

   Solidus Labs partnership to enhance digital asset trade surveillance.

5. Mar 04

   Earnings results 2025

   24h Move

   -5.6%

   Strong 2025 revenue, net deposits and customer asset growth with positive adjusted profit.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

pattern day trader (pdt) rules, intraday margining system, margin requirements, buying power

4 terms

pattern day trader (pdt) rules regulatory

"announced it will support the removal of Pattern Day Trader (PDT) rules as the new regulations take effect"

Pattern day trader (PDT) rules are regulatory limits that apply when an investor executes four or more day trades (opening and closing the same position) within a rolling five-business-day period in an account that uses borrowed money. Think of it like a permit requirement: once you hit that activity level the broker flags the account and enforces a minimum equity threshold and other restrictions to reduce risk. For investors, PDT rules matter because they can limit trading freedom, require higher cash or margin balances, and increase the cost or complexity of frequent intraday trading.

intraday margining system financial

"Company supports new intraday margining system on day one, expanding flexibility for active investors"

An intraday margining system continuously checks and adjusts the collateral traders must hold while the market is open, recalculating required buffers as positions and prices change. Think of it like a bank that rechecks your account during the day and asks for more funds if your balance drops; for investors this matters because it affects liquidity, the chance of sudden margin calls or forced sales, and the cost and safety of trading active positions.

margin requirements financial

"place unlimited day trades within the framework of the new margin requirements"

Margin requirements are the minimum amount of cash or securities an investor must keep with a broker when borrowing to buy stocks or when holding short positions; think of it like a down payment and required balance on a loan. They matter because they limit how much leverage an investor can use and can trigger a margin call — forcing quick sales to restore the required balance — which can amplify gains or losses and affect market liquidity.

View in glossary

buying power financial

"realized profits will immediately be applied to their intraday buying power"

The amount of money an investor can use immediately to buy securities, combining cash in the account and any available borrowing or margin allowance. It matters because it sets the real purchasing limit—like a shopping budget that may include both cash in your wallet and a bit of credit—and affects how quickly you can act on opportunities and the risks you take when using borrowed funds.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Company supports new intraday margining system on day one, expanding flexibility for active investors

NEW YORK, April 15, 2026 /PRNewswire/ -- Webull (NASDAQ: BULL), an online investment platform, today announced it will support the removal of Pattern Day Trader (PDT) rules as the new regulations take effect, enabling investors to place unlimited day trades within the framework of the new margin requirements.

The change eliminates the long-standing PDT restrictions that limited accounts under $25,000 to three day trades within a rolling five-business-day period. Once implemented, Webull users will be able to trade throughout the day without needing to maintain a $25,000 minimum balance to avoid PDT limitations.

By supporting the new rules immediately upon launch, Webull will be among the first retail brokerages to bring the updated intraday trading framework to clients, reinforcing its commitment to providing investors with flexible tools and broad market access.

"The shift in intraday margin rules represents a meaningful evolution in how active traders can participate in the markets," said Anthony Denier, Group President and U.S. CEO at Webull. "Our priority is ensuring Webull customers can take advantage of these changes from day one while continuing to benefit from the advanced tools, real-time data, and full product access that define the Webull trading experience."

Under the new framework, investors will be able to execute trades without the previous frequency limits and realized profits will immediately be applied to their intraday buying power. This enables investors to redeploy capital throughout the same trading session, allowing them to more quickly respond to market opportunities. 

The change will apply to trading in stocks, ETFs, and options, all of which are currently subject to PDT rules. By removing these restrictions, the updated margining system is expected to lower barriers for newer active traders while enabling experienced traders to operate more efficiently.

The updated intraday margining system will go live for Webull clients as the new regulatory framework takes effect, pending final approval and implementation timelines from U.S. regulators.

For more information about Webull, visit www.webull.com.

About Webull US

Webull is a leading online investment platform built on next generation global infrastructure. Users of the Webull platform are empowered to pursue their financial goals with advanced charting tools, cutting-edge technology, and real-time market data. Through Webull's online brokerage, self-directed investors can access low-cost trading across a wide range of assets, including securities, options, and futures, along with wealth management services. Webull Financial LLC ("Webull Financial") is registered as a broker-dealer with the Securities and Exchange Commission (SEC) and a futures commission merchant registered with the Commodity Futures Trading Commission (CFTC). Webull Financial is a member of the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC). Advisory accounts and services are provided by Webull Advisors LLC, an investment advisor registered with the SEC. Registration does not imply a level of skill or training. Event contract trading is highly speculative and may not be suitable for all investors. Webull asks customers to carefully consider all risks associated with an investment in an Event Contract, including without limitation the risks set forth in the disclosure documents linked below, and consult with a financial professional and any other advisors that you deem appropriate before investing in any Event Contract. All investing is subject to risk, including the possible loss of principal. Options involve unique risks not suitable for all investors. Please visit www.webull.com/disclosures to read the applicable disclosure documents. For more information about Webull, visit www.webull.com.

About Webull

Webull Corporation (NASDAQ: BULL) owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, Africa and Latin America. Webull serves more than 26 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, fractional shares, and digital assets through Webull's trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at  www.webullcorp.com.

Media Contact

Nicholas Koulermos
Webull@5WPR.com
(212) 999 - 5585

View original content to download multimedia:https://www.prnewswire.com/news-releases/webull-unlocks-active-trading-for-all-eliminating-the-pattern-day-trade-25k-minimum-balance-and-trade-count-restrictions-302743229.html

SOURCE Webull Financial LLC

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Webull (BULL) announce about the PDT $25,000 rule on April 15, 2026?

Webull announced it will support removal of the PDT $25,000 minimum and trade-count limits. According to the company, the change enables unlimited day trades under the new intraday margining framework once regulators finalize implementation.

When will Webull (BULL) allow unlimited day trades under the new rules?

Webull will enable unlimited intraday trades when the new margining rules take effect. According to the company, activation is planned for day one of the new framework but remains subject to final regulatory approval and timelines.

Which products on Webull (BULL) will be affected by the PDT rule removal?

The updated intraday margining applies to stocks, ETFs, and options on Webull. According to the company, all three product types will lose prior PDT frequency limits under the new framework.

How will realized profits affect buying power on Webull (BULL) under the new rules?

Realized profits will be applied immediately to intraday buying power, allowing reuse within the same session. According to the company, this lets investors redeploy capital faster during market hours.

Does Webull (BULL) say the change is already in effect as of April 15, 2026?

No, Webull said it will support the change when the new regulatory framework goes live. According to the company, implementation depends on final approval and official regulator timelines.

What does Webull (BULL) say this rule change means for newer active traders?

Webull says the updated margining lowers barriers for newer active traders by removing the $25,000 threshold. According to the company, this aims to make intraday trading more accessible and efficient under the new rules.