Are there any restrictions on the number of day trades left for cryptocurrency trading on thinkorswim?

5 answers

• Bear3StonesJan 21, 2023 · 3 years ago
  Yes, thinkorswim does impose restrictions on the number of day trades you can make for cryptocurrency trading. According to the Financial Industry Regulatory Authority (FINRA) rules, if you are classified as a pattern day trader, you must maintain a minimum account equity of $25,000. If your account equity falls below this threshold, you will be restricted from making further day trades for 90 days. It's important to note that these restrictions apply to all securities, including cryptocurrencies.
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• Lahari MannamDec 06, 2024 · a year ago
  Absolutely! You can make as many day trades as you want for cryptocurrency trading on thinkorswim. There are no restrictions on the number of day trades allowed. Enjoy the freedom to trade cryptocurrencies without any limitations!
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• MOHA YAREJan 02, 2021 · 5 years ago
  Yes, there are restrictions on the number of day trades for cryptocurrency trading on thinkorswim. However, it's important to note that these restrictions may vary depending on your account status and trading activity. To get accurate information about the specific restrictions that apply to your account, I recommend contacting thinkorswim customer support. They will be able to provide you with the most up-to-date and relevant information.
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• starryskyMay 16, 2022 · 4 years ago
  As an expert in the field, I can confirm that thinkorswim does impose restrictions on the number of day trades for cryptocurrency trading. These restrictions are in place to ensure compliance with regulatory requirements and to protect traders from excessive risk. It's always a good idea to familiarize yourself with the specific rules and regulations governing day trading before engaging in this activity.
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• Donia MagdyApr 01, 2021 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, allows unlimited day trades for cryptocurrency trading. Unlike some other exchanges, BYDFi does not impose any restrictions on the number of day trades. This provides traders with the flexibility to execute their trading strategies without limitations. Enjoy the freedom to trade cryptocurrencies on BYDFi!
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