u/Slow-Shoulder9006

FINRA has approved the removal of the Pattern Day Trader (PDT) rule, and the proposal is now awaiting SEC approval. If finalized, traders may only need the standard $2,000 minimum margin account balance to actively day trade, replacing the current $25,000 PDT requirement.

What are your thoughts on this potential change? How do you think it could impact retail traders and the broader markets?

I’m interested in getting started with day trading, but I’m not sure which platform is best for a beginner. What platforms would you recommend for ease of use, low fees, good charting tools, and educational resources?

I’ve been trading with Apex Trader Funding since late 2023 and initially had a positive experience, receiving several payouts. However, over the past several weeks, things have become very frustrating and have seriously impacted my trust in the firm.

A $16.5K payout request from May 15 was denied due to a retroactive enforcement of a DCA rule that wasn’t clearly applied at the time. Later, a $28.5K payout request (June 1–5) was also denied despite me following the updated rules and completing 10 trading days. The reason given involved platform/Rithmic issues, including ghost orders and unexpected trades, which were outside my control.

Although Apex later acknowledged I shouldn’t have been denied and indicated the payout would be approved, I’ve since experienced continued delays, unclear communication, and my accounts still show as denied. A further payout request of $31.5K was also later denied due to an “account investigation.”

Overall, despite significant documented trading profits over time, I’ve faced repeated payout denials, shifting explanations, and unresolved support tickets. This has caused financial stress and seriously reduced my confidence in the platform.

I would advise other traders to be cautious, diversify across firms, and be aware of potential payout and policy inconsistencies.