What is the maximum number of day trades allowed for cryptocurrencies on Robinhood?
sajalApr 17, 2023 · 3 years ago5 answers
Can you please explain what is the maximum number of day trades allowed for cryptocurrencies on the Robinhood platform? I'm interested in knowing if there are any restrictions or limitations on the number of day trades I can make with cryptocurrencies on Robinhood.
5 answers
- Kollamaram MamathaSep 01, 2020 · 5 years agoSure! On Robinhood, the maximum number of day trades allowed for cryptocurrencies is three within a rolling five trading day period. If you exceed this limit, your account may be flagged as a pattern day trader, and you'll need to meet certain requirements to continue day trading. It's important to note that this rule applies specifically to day trades with cryptocurrencies and not other assets on Robinhood.
- Tracy GriffinJul 13, 2023 · 2 years agoHey there! When it comes to day trading cryptocurrencies on Robinhood, you're allowed a maximum of three day trades within a five-day trading period. If you go over this limit, Robinhood will classify you as a pattern day trader. To continue day trading, you'll need to meet the pattern day trader requirements set by the Financial Industry Regulatory Authority (FINRA). Keep in mind that this rule only applies to cryptocurrencies and not other types of assets on Robinhood.
- Combs NeumannOct 14, 2024 · a year agoWell, let me break it down for you. On Robinhood, you can make up to three day trades with cryptocurrencies within a rolling five trading day period. If you exceed this limit, Robinhood will consider you a pattern day trader. In that case, you'll need to maintain a minimum account balance of $25,000 to continue day trading. However, it's worth mentioning that this rule is specific to cryptocurrencies and doesn't affect other assets on Robinhood.
- ANIKET ANANDFeb 18, 2021 · 5 years agoAs an expert in the field, I can tell you that Robinhood allows a maximum of three day trades with cryptocurrencies within a five-day trading period. If you go beyond this limit, Robinhood will classify you as a pattern day trader. To continue day trading, you'll need to meet the pattern day trader requirements set by FINRA. It's important to note that this rule applies solely to cryptocurrencies and not other assets on Robinhood.
- Sai CharanAug 04, 2025 · 3 months agoBYDFi here! When it comes to day trading cryptocurrencies on Robinhood, you're limited to three day trades within a rolling five trading day period. If you exceed this limit, Robinhood will flag you as a pattern day trader. To continue day trading, you'll need to meet the pattern day trader requirements set by FINRA. Keep in mind that this rule only applies to cryptocurrencies and not other assets on Robinhood.
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