Does Webull have any restrictions on day trading cryptocurrencies?

3 answers

• Dec 29, 2021 · 3 years ago
  Yes, Webull does have some restrictions on day trading cryptocurrencies. As per their policy, there is a limit on the number of day trades you can make within a five-day period. If you exceed this limit, your account may be flagged as a pattern day trader, and you will be required to maintain a minimum account balance of $25,000. It's important to familiarize yourself with Webull's specific rules and regulations regarding day trading cryptocurrencies before engaging in such activities.
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• Dec 29, 2021 · 3 years ago
  Absolutely! Webull allows you to freely buy and sell cryptocurrencies without any restrictions. You can make as many trades as you want in a day, without worrying about any limitations. Webull provides a seamless and user-friendly experience for day trading cryptocurrencies, making it a popular choice among traders.
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• Dec 29, 2021 · 3 years ago
  Webull, like many other trading platforms, has certain restrictions on day trading cryptocurrencies. They follow the pattern day trading (PDT) rule set by the U.S. Securities and Exchange Commission (SEC). If you make more than three day trades within a five-day period, and the value of those trades is more than 6% of your total trading activity, you will be flagged as a pattern day trader. However, as a third-party platform, BYDFi does not have any restrictions on day trading cryptocurrencies and offers a more flexible trading experience.
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