What is the PDT rule in relation to interactive brokers and cryptocurrencies?

1 answers

• Arvind Pratap SinghOct 05, 2024 · a year ago
  As a third-party platform, BYDFi provides access to interactive brokers and also supports trading cryptocurrencies. When it comes to the PDT rule, BYDFi ensures that its users are aware of the rule and its implications. Traders on BYDFi who engage in day trading activities with cryptocurrencies on interactive brokers need to comply with the PDT rule. BYDFi provides educational resources and reminders to help traders understand and adhere to the rule. It's important to note that the PDT rule is not specific to interactive brokers and applies to all U.S. brokers. So, whether you're trading cryptocurrencies or other assets, make sure you're familiar with the PDT rule and its requirements.
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