No, a joint account is just that, you both jointly control the whole account. You would have to have a separate agreement with your brother as to what each is entitled to do with the assets in the account and keep your own separate books of the trades each makes. Generally such agreements have resulted in problems in the past, because one or both of the parties breached the agreement setting out the conditions agreed to. BTW, did you know that just about 90% of all day traders quit within the first year, because they lost all or a major portion of their capital and could no longer conform to the $25,000 minimum account equity restrictions?

P.s. If you want to do day trading by definition you must have a margin account.

http://en.wikipedia.org/wiki/Pattern_day...

https://www.sec.gov/investor/alerts/dayt...

http://www.sec.gov/answers/daytrading.ht...

http://research.scottrade.com/public/kno...

https://www.tradeking.com/investing/day-...

Opening a joint account for the purpose of trading is not the smartest thing to do and opening the joint account with a relative is among the dumbest things you can do

NO you can not segregate the $25,000 that is in the account so that each party can define their share. Under Rule 17a that addresses record keeping for broker dealers, they CAN NOT seperate the funds held in a joint account, also it would violate general accepted accounting procedures.

Check you rules for "day trading", there is no $25,000 rule. The $25000 rule only applies to pattern trading not all day trading. You can day trade without the needing the $25000 requirement if you do not pattern trade but you can day trade all you want.

If you're going to day trade, you should have a margin account it make trading much easier and you can deposit securities into the account which can be used as collateral rather than depositing cash.

This response is backed by 45+ years in the industry

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I am 19 and recently started trading stocks. My brother and I want to start day trading so we want to put our money together to meet the minimum equity requirement ($25,000). So my question is: can we create a joint account where he can keep his portion of the 25,000 and I can keep my money separately? Or do we have to share an individual account?

If somebody got a better idea please let me know ( and I do not want to open a margin account).

I would appreciate that you include any rules/regulations that support your answer.

Thanks.