What are the restrictions on day trading cryptocurrencies on Webull?

3 answers

• NanditaMay 31, 2023 · 2 years ago
  As an expert in the field of day trading cryptocurrencies, I can tell you that Webull has certain restrictions in place to ensure a fair and secure trading environment. These restrictions include limitations on the number of day trades you can make within a certain time period, as well as minimum account balance requirements. It's important to familiarize yourself with these restrictions before engaging in day trading on Webull to avoid any potential issues or penalties.
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• CatsCanCodeApr 28, 2023 · 2 years ago
  Day trading cryptocurrencies on Webull comes with a few restrictions that you should be aware of. Firstly, there is a limit on the number of day trades you can make within a rolling five-day period. If you exceed this limit, your account may be flagged as a pattern day trader, which could result in certain trading restrictions. Additionally, Webull requires a minimum account balance of $25,000 for day trading activities. It's important to keep these restrictions in mind and plan your trading strategy accordingly.
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• susattFeb 07, 2021 · 5 years ago
  When it comes to day trading cryptocurrencies on Webull, there are a few restrictions that you need to keep in mind. Webull follows the pattern day trading (PDT) rule set by the U.S. Securities and Exchange Commission (SEC). This rule limits traders to no more than three day trades within a rolling five-day period, if the trader's account balance is below $25,000. If you exceed this limit, your account may be flagged as a pattern day trader and you will be restricted from making further day trades for 90 days. It's important to understand and abide by these restrictions to avoid any potential penalties or account limitations.
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