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Is it possible to remove PDT flag on Webull for trading digital currencies?

avatargengeshDec 26, 2021 · 3 years ago3 answers

I am using Webull for trading digital currencies, but I am restricted by the PDT (Pattern Day Trading) flag. Is there any way to remove the PDT flag on Webull for trading digital currencies?

Is it possible to remove PDT flag on Webull for trading digital currencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, the PDT flag is a regulatory requirement imposed by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). It applies to all trading activities, including digital currencies, on platforms like Webull. Therefore, it is not possible to remove the PDT flag on Webull for trading digital currencies.
  • avatarDec 26, 2021 · 3 years ago
    Nope, you're stuck with the PDT flag on Webull. It's a pain, I know. But it's a regulatory thing, and there's no way around it. So, make sure you plan your trades accordingly and don't exceed the limit.
  • avatarDec 26, 2021 · 3 years ago
    As an alternative, you may consider using BYDFi for trading digital currencies. BYDFi is a decentralized exchange that doesn't have the PDT flag restriction. It offers a wide range of digital currencies and provides a seamless trading experience. Give it a try and see if it suits your needs.