Can I day trade in US stocks from india using a cash account with the 3 day settlement rule?
For eg- I buy and sell a stock on Monday itself and the money gets back to me after sales proceeds by Wednesday.
I will not be using margin in any way.
Please someone help
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There has been good discussion about trading in US stocks from India in below thread, you can go through it.
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She I just have a doubt on whether I can day trade with a cash account
I won’t ever use margin
Please reply me sir
You can buy N100 which is equivalent to Nasdaq index
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Yes you can day trade US equities from India. But PDT rules still apply.
The $25,000 equity balance restriction applies only to U.S. stock markets. The day trading restrictions on other markets vary. The U.S. futures and currency markets don’t have set equity balance requirements for day trading, but brokers will set deposit minimums and margin requirements on each asset. Therefore, if a day trader has at least $25,000, all markets including the stock market are a viable option.
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Yes, it is possible to day trade in US stocks from India using a cash account with the 3 day settlement rule. As a cash account trader, you will need to have sufficient funds in your account to cover the cost of the stocks you are buying.