Is there a cap on the number of cryptocurrency trades you can make on Robinhood?

3 answers

• Mar 22, 2022 · 3 years ago
  Yes, there is a cap on the number of cryptocurrency trades you can make on Robinhood. The platform limits users to 3 day trades within a rolling 5-day period. If you exceed this limit, your account may be flagged as a pattern day trader and you'll be required to maintain a minimum account balance of $25,000 to continue day trading. It's important to be aware of these restrictions to avoid any potential issues with your trading activities.
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• Mar 22, 2022 · 3 years ago
  No, there is no cap on the number of cryptocurrency trades you can make on Robinhood. You have the freedom to trade as frequently as you'd like without any limitations. This flexibility allows you to take advantage of market opportunities and execute your trading strategies without any restrictions. Enjoy the freedom to trade cryptocurrencies on Robinhood without worrying about any trade caps!
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• Mar 22, 2022 · 3 years ago
  While Robinhood itself doesn't impose a cap on the number of cryptocurrency trades, there are certain limitations you should be aware of. The SEC's pattern day trading rule applies to all US brokerage accounts, including Robinhood. This rule restricts users from making more than 3 day trades within a rolling 5-day period if the account balance is below $25,000. So, if you're planning to day trade cryptocurrencies on Robinhood, make sure to keep track of your trades and adhere to the SEC's regulations to avoid any potential penalties or restrictions.
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