Does Forex have a PDT rule?
In Forex, there is no PDT rule. That is the most straightforward answer to this question. However, there are other significant facts about PDT that you must remember as you go forward with forex trading:
The restrictions in Forex are very minimal, but the market volatility is very high.
You are welcome to join the market at any time of the day with any amount in your account.
The market is a very competitive place with a lot of brokers armed with AI-powered technologies and ready to jump on every opportunity.
If you reside in the US, it is a fundamental practice to confirm if you fall into the category of a "pattern day trader".
If you make more than 3 days trades within 5 business days, and the total number of trades is more than 6% of total trades in your account during this period you meet the criteria for PDT.
The rules in #4 and #5 concerns only stock traders and it doesn't apply to forex traders.
If you are a stock trader but wants to switch to Forex, under the FINRA rules, you must have a minimum investment of $25,000 on any day that you trade. This rule is absent in forex.