On June 4th 2026, FINRA's new equity minimum to day trade more than 4 times a week in a margin trading account is $2,000. SageTrader implemented this change for DAS Trader Platform users on Monday, June 8th 2026. While we'll accept deposits of $2,000, we find it beneficial to maintain a minimum $2,500 in equity leaving a buffer for DAS platform costs and any trading losses that may occur. Once an account drops below $2,000 it has no buying power. If you'd like to trade in a cash account, please check back in July when the SageTrader App will be live. Please email sales@sagetrader.com with any questions.
Initial deposits need to be a wire. Bank information is viewable on the left-hand side of the SageTrader portal under the transfers tab > Deposits. Please include your SageTrader Account number in the memo line to easily process your deposit. Please note your account number will start with either SAGR-001 or SAGR-002.
After your initial deposit via a wire, additional deposits may be done with ACH by linking your bank via Stripe from within the SageTrader portal. Withdrawals may be done by ACH.
Funding must come from a bank account matching the name on your SageTrader account. This includes business trading and LLC accounts. We accept Wise for international deposits.
Withdrawals can be initiated from within the SageTrader Portal under Transfer > Withdrawals. For your protection, after you have requested a withdrawal a team member will call to verify your withdrawal.
We use DAS Trader as our trading platform. This is the industry standard platform for active day traders; it has a minimum $145 a month charge for the platform ($125) and basic data (Core level 1 $15 + Indices $5) — this is a straight pass-through cost; it is not up charged or discounted. DAS is billed on the calendar month, meaning you will be charged for an entire month no matter the day you set your account up. Data fees increase if you'd like to add level 2, or options.
If you trade under an individual account, you will be charged the non-pro data rate. If you trade under an LLC, DAS will automatically charge you the Pro data rate. View platform and data rates here.
New accounts must be funded before DAS can be set up. Please email sales@sagetrader.com with any questions.
DAS is a Windows-based program. If you have a Mac computer, please use the extension — download here.
The web version of DAS will be available in July 2026.
There is a mobile version of DAS. Once you download the application on your mobile device, enter your DAS login on the username; for the Firm ID enter SAGR. The order IP and order port will populate automatically after you enter the firm ID.
Mobile is included in the monthly DAS platform fee; it is not available without a desktop subscription.
DAS offers a two-week demo account — you can try out the platform by signing up here. They also have a great YouTube tutorial library you can view here.
DAS has a great YouTube tutorial library you can view here.
Yes, we support the DAS CMD API. When adding the API, you still have access to manual trading in DAS. Once you have an approved trading account, you can request the API from the SageTrader portal under the platform tab. You'll need to complete the API form in DAS as well, located in Help > Market Data Agreement > Optional tab.
Once you complete the agreement, DAS will receive the request. It will take DAS at least a day to approve and configure. Once it is approved, they will send you the API instructions. Please see DAS' overview of the API here.
There is no free trial of the API. It is an additional $100 on top of the standard platform fee.
After requesting the API from the SageTrader portal, you must complete the API form in DAS as well, located in Help > Market Data Agreement > Optional tab. Once you complete the agreement, DAS will receive the request. It will take DAS at least a day to approve and configure. Once it is approved, they will send you the API instructions.
Black Arrow will be available as an alternative trading platform later this summer. It is $99 a month plus data fees. It is not available yet. You must select DAS Trader from the SageTrader portal to start trading in June 2026.
We are in the final stages of development for our own SageTrader App. This will be available mid-summer 2026. You'll be able to trade either margin or cash accounts from the app. Please note short locating will not be possible in the app, but large cap stocks will be shortable.
The app has no commissions or platform fee, and is designed for the casual, part-time trader. There will be no routing choices or hot keys. If this is a better fit for you, please email sales@sagetrader.com and we will notify you as soon as the app is live.
At this time, options cannot be traded in the SageTrader App.
While sub-accounting isn't available on an individual level under the same tax ID, we have a solution that works very much in the same way to separate out your strategies.
You would need to open a second margin account under an LLC. Once you've set up an LLC, you'll simply reapply under that entity. All deposits and withdrawals need to match the name on the account. So, you'll also need to set up a bank account under the LLC name for fund transfers. Once this is done, you'll be able to fund the account and separate your strategies.
Functionally you will have one instance of DAS, and you'll see a drop-down with the two different account numbers so you can easily switch between accounts. You can open both a margin and a cash account under the same tax ID.
Please email sales@sagetrader.com with any questions.
SageTrader offers extensive routing, from the SAGEPRO free route, and SAGEREB with a rebate, to direct to exchange, and more aggressive routes with a fee for faster execution. All routing choices are available to funded and active accounts above PDT that are using DAS, regardless of their total equity. View here.
Please note that on SAGEPRO and SAGEREB it costs 30 mils to remove at or above one dollar and 30 bps to remove sub-dollar between 4 AM–7 AM and between 7 PM–8 PM.
Please email sales@sagetrader.com with any questions.
Please apply for options trading in your initial application. Or, if you already have an equity trading account, apply from the menu on the left-hand side of your portal.
As a friendly reminder, options trading is currently only available during core market hours. This is anticipated to change around July 13th when extended trading hours will include a pre-market session from 7:30 a.m. ET to 9:25 a.m. ET and a post-market session from 4:00 p.m. ET to 4:15 p.m. ET.
Please see our disclosures for risks that may be associated with trading options — view here.
Sage has an excellent locate tool inside our instance of DAS that works much like a smart router — going out to all of our locate providers at once and coming back with the lowest rate in under a second. Locate pricing is dynamic and will vary based on supply and demand. We are always looking to add more providers and keep these costs as low as possible. Please email sales@sagetrader.com with any questions.
Not at this time. We anticipate fractional shares being available to trade in fall 2026.
Initial Margin is 25% of the trade value for a long position, or 30% of the trade value for a short position.
Maintenance Margin is 30% of the market value of a long position.
Maintenance Margin for a short position: if the stock value is $5 or more it will be 30% of the market value or $5.00, which ever is greater; if between $5–$2.50 a share it will be 100% of the market value; if less than $2.50 it will be held at $2.50 per share.
Reg T requirements for a long position is 50% of the trade value. Reg T requirements for a short position in stocks above $5 is either $5 or 50% of the trade value, whichever is greater.
Margin in Leveraged ETFs is initial margin × leverage factor. A 2X leveraged ETF will be double the standard 25% long maintenance margin, making it a 50% margin requirement. A 3X inverse ETF is three times the 30% maintenance margin to short, making it a 90% margin requirement.
There is no margin for cash accounts — they trade the cash equity of their account only.
| Price tier | Example price | Margin calculation | Calculation |
|---|---|---|---|
| Below $2.50 | $0.05 | $2.50 | Stocks below $2.50 calculated at $2.50 |
| $2.25 | $2.50 | Stocks below $2.50 calculated at $2.50 | |
| $2.50–$5.00 | $2.55 | $2.55 | Calculated at current market price |
| $4.50 | $4.50 | Calculated at current market price | |
| Above $5.00 | $7.50 | $5.00 | Calculated at $5.00 or 30% of market price, whichever is greater |
| $12.50 | $5.00 | Calculated at $5.00 or 30% of market price, whichever is greater | |
| $16.67 | $5.01 | Calculated at $5.00 or 30% of market price, whichever is greater |
Buying Power calculations are updating with the PDT rule change on June 4th, 2026. 4-to-1 intraday leverage will no longer be a static amount from the start of day but will update dynamically based on real-time intraday margin access. Overnight continues to be 2-to-1 leverage.
Yes, email tradesupport@sagetrader.com and we can set up auto-liquidate for you. Please note, auto-liquidate is only available during core market hours, 9:30 AM–4:00 PM ET. You must manually manage your positions pre and post market.
SageTrader has no concentration limits at this time, though we may update our house rule on this at a later date. We encourage traders to leave some cash equity in their account to avoid margin calls.
SageTrader has a 75% daily equity max loss house rule, meaning once 75% of your account value has been lost the trading system will auto-liquidate your positions.
You can now adjust certain risk limits directly through the portal. Simply click on Risk Controls on the left-hand side of the platform, where you'll be able to modify settings such as your max loss, decrease your buying power, and max loss per ticker. For any other risk settings that are not available within the Risk Controls section, please email tradesupport@sagetrader.com and include your SageTrader account number.
For any trade-related questions or assistance, please email tradesupport@sagetrader.com and be sure to include your SageTrader account number.
We currently start new accounts on a promo rate of $0.0005/share; after that, commissions are based on the previous month's volume starting at $0.001/share and going down from there. View tiers here.
This is the only active promotion.
We offer an additional perk of complimentary access to the trading journal Kinfo Pro for active, funded accounts. After you have funded your account and started trading, please email operations@sagetrader.com if you would like to set this up.
We always appreciate referrals. While we don't have a referral program right now, if you have any trader friends interested in SageTrader please introduce them to us by emailing sales@sagetrader.com with your friend in copy and we will notate your account. If you have a strong referral, we can always work something out one on one.
