Do standard "pattern daytrader" rules apply to forex trading?

KenLong answered one year ago …

I want to know the answer to this as well.

A pattern day trader is someone who day trades more than 3 times a week. Pattern day trader rules require you to have 25,000.00 in your account to day trade. If you have less you get a warning the first times and the SEC can freeze your account for pattern day trading untill you comply.

I've been caught this way several times, mostly when a very tight stop sell order is triggered the same day. But I've never actively sought to day trade, it always seemed like a lot of work for the money. I've been more entranced with option strategies and the ability of leverage to multiply gains.

However, Forex is also highly leveraged, without the use of options. It trades with a very tight spread and no commisions. This along with the ability to access different markets during different hours of the day make it ideal for short term day trading. The fact that it isnt traded on a regulated exchange raises the question about day trading rules.