Are there any restrictions when it comes to making 4 day trades on Robinhood with virtual currencies?

1 answers

• Alexander ShemDec 10, 2022 · 4 years ago
  When it comes to day trading with virtual currencies on Robinhood, there are indeed restrictions. If you make four or more day trades within a five-business-day period and the day trades represent more than 6% of your total trading activity for that same five-day period, you will be considered a pattern day trader. As a pattern day trader, you must maintain a minimum equity of $25,000 in your account. If your account balance falls below this threshold, you will be restricted from day trading until you bring your account balance back up to $25,000 or above. It's important to understand and comply with these regulations to avoid any potential consequences or limitations on your trading activities.
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