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Old 08-01-2007, 07:42 AM
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Re: umbrella account

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to day trade required $25k to start with ,also required to maintain this amount.
an umbrella account is sub-contract under a master account,so people can start day trade with less than $25k???
Use offshore brokers. Thats how I started day trading Nasdaq stocks with under $25k my first 6 months trading. I eventually moved to TS since their customer support sucked big time.

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