Can I remove the option for margin trading on Robinhood when it comes to digital assets?
Abdallah ElazabDec 26, 2021 · 3 years ago3 answers
Is it possible to disable the margin trading feature on Robinhood for digital assets? I prefer not to use margin trading and would like to remove the option from my account. How can I do this?
3 answers
- Dec 26, 2021 · 3 years agoYes, you can remove the option for margin trading on Robinhood when it comes to digital assets. To do this, you need to go to your account settings and disable the margin trading feature. This will prevent you from using margin trading and remove the option from your account. Keep in mind that disabling margin trading means you won't be able to borrow funds to trade with leverage.
- Dec 26, 2021 · 3 years agoAbsolutely! If you don't want to have the option for margin trading on Robinhood when it comes to digital assets, you can easily disable it. Just go to your account settings, find the margin trading feature, and turn it off. This will remove the option from your account and prevent you from using margin trading. It's a simple and straightforward process.
- Dec 26, 2021 · 3 years agoYes, it is possible to remove the option for margin trading on Robinhood when it comes to digital assets. However, please note that this answer is specific to BYDFi, a digital asset exchange. On BYDFi, you can customize your trading preferences and disable margin trading if you don't want to use it. This will remove the option from your account and ensure that you only engage in spot trading without leverage. BYDFi prioritizes user control and offers a seamless experience for traders who prefer not to use margin trading.
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