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Are there any exceptions or waivers to the pattern day trader rule for cryptocurrency trading on TD Ameritrade?

avatarasitwasNov 23, 2021 · 3 years ago3 answers

What are the exceptions or waivers to the pattern day trader rule for cryptocurrency trading on TD Ameritrade? Can I bypass this rule in certain situations?

Are there any exceptions or waivers to the pattern day trader rule for cryptocurrency trading on TD Ameritrade?
Cryptocurrency
Pattern Day Trader Rule
Exceptions

3 answers

  • avatarNov 23, 2021 · 3 years ago
    As of my knowledge, TD Ameritrade does not provide any exceptions or waivers to the pattern day trader rule for cryptocurrency trading. This rule applies to all types of trading, including cryptocurrency. It is important to understand and comply with this rule to avoid any potential penalties or restrictions on your account.
  • avatarNov 23, 2021 · 3 years ago
    Unfortunately, there are no exceptions or waivers to the pattern day trader rule for cryptocurrency trading on TD Ameritrade. This rule is in place to protect investors and ensure fair trading practices. It is important to plan your trades accordingly and be aware of the limitations imposed by this rule.
  • avatarNov 23, 2021 · 3 years ago
    According to BYDFi, a digital currency exchange, there are no exceptions or waivers to the pattern day trader rule for cryptocurrency trading on TD Ameritrade. This rule is enforced by regulatory bodies and applies to all traders, regardless of the platform they use. It is crucial to understand and comply with this rule to avoid any potential consequences.

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