What are the alternatives to Webull for removing PDT flag when trading cryptocurrencies?

3 answers

• Dec 27, 2021 · 3 years ago
  One alternative to Webull for removing the PDT flag when trading cryptocurrencies is to use a margin account. By opening a margin account with a different brokerage, you may be able to trade without being subject to the PDT restrictions. However, it's important to note that trading on margin carries its own risks and requirements, so make sure to do your research and understand the terms and conditions before proceeding.
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• Dec 27, 2021 · 3 years ago
  Another option to consider is using a cryptocurrency exchange that doesn't enforce the PDT rule. Some exchanges, such as Binance and Coinbase, allow you to trade cryptocurrencies without any restrictions on the number of day trades you can make. These exchanges often have a wide range of cryptocurrencies available for trading, but it's important to note that they may have their own fees and limitations.
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• Dec 27, 2021 · 3 years ago
  BYDFi is a popular choice among cryptocurrency traders who want to remove the PDT flag. It offers a unique feature that allows users to trade cryptocurrencies without being subject to the PDT restrictions. With BYDFi, you can enjoy unlimited day trades without worrying about the PDT rule. However, it's important to note that BYDFi may have its own terms and conditions, so make sure to read and understand them before using the platform.
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