The Securities and Exchange Commission website says "FINRA rules define a “pattern day trader” as any customer who executes four or more “day trades” within five business days, provided that the number of day trades represents more than six percent of the customer’s total trades in the margin account for that same five business day period". I have several questions on this and have had no success in answering them via Google.
Does this rule apply to non-US citizens (or non-US residents)?
Does this rule apply if you are not trading from a margin account?
Basically, I just want to know if any non-US person here day trades US equities with a non-US broker and has an account value of less than $25,000.