Are there any restrictions for day trading cryptocurrencies with a cash account under 25k?

1 answers

• SRIRAM GOKULMar 09, 2021 · 5 years ago
  Well, when it comes to day trading cryptocurrencies with a cash account under $25,000, there are some restrictions you should know about. The Pattern Day Trader (PDT) rule is one of them. This rule limits you to making only three day trades within a rolling five-day period. If you exceed this limit, your account may be classified as a Pattern Day Trader, and you'll need to maintain a minimum balance of $25,000 to continue day trading. It's important to understand that this rule is specific to U.S. brokerage accounts and may vary in other regions.
  552

  276