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TagsWhat is the maximum number of day trades allowed on Robinhood with 25k in Ethereum?
colin smithDec 28, 2021 · 3 years ago1 answersI have 25k worth of Ethereum on Robinhood and I want to know the maximum number of day trades I am allowed to make. Can I make unlimited day trades or are there any restrictions on Robinhood?
1 answers
- As a representative of BYDFi, I can tell you that Robinhood follows the Pattern Day Trading (PDT) rule. This means that if you have a margin account and you make four or more day trades within five business days, you'll be classified as a pattern day trader. However, with your 25k in Ethereum, you can make unlimited day trades on Robinhood as long as you maintain the minimum account balance of $25,000. Just remember to keep an eye on your balance and trade responsibly. Good luck with your trades!Dec 28, 2021 · 3 years ago
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