Ameritrade Izone Cash Account Response:
(ed. Sounds like a commission scam for the little guy.)
Dear Valued Izone Client,
Please note: So long as you do not pattern day trade (4 round trips in a 5 day period) without $25,000, you should not incur account restrictions. The Izone accounts are only programmed for margin so we can't take you to cash without programming. Ameritrade does offer cash accounts, just not in the Izone offering. Thanks.
Sincerely,
Client Services
Ameritrade Izone
Division of Ameritrade, Inc.
If you want the rainbow, you have to tolerate the rain.