Are there any fees or limitations when switching to a cash account on Webull for digital currency trading?

3 answers

• Dec 16, 2021 · 3 years ago
  When switching to a cash account on Webull for digital currency trading, there are generally no fees involved. However, it's important to note that Webull may charge fees for other services, such as wire transfers or margin trading. As for limitations, a cash account may have restrictions on the number of day trades you can make within a certain period. It's always recommended to review the terms and conditions provided by Webull to fully understand any potential fees or limitations.
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• Dec 16, 2021 · 3 years ago
  Switching to a cash account on Webull for digital currency trading is a great option if you want to avoid margin fees or interest charges. With a cash account, you can only trade with the funds available in your account, which can help you manage your risk. However, keep in mind that there may be limitations on instant deposits and withdrawals, as well as restrictions on day trading. It's best to check with Webull directly for specific details on fees and limitations.
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• Dec 16, 2021 · 3 years ago
  When it comes to switching to a cash account on Webull for digital currency trading, BYDFi is a platform that offers this feature. With BYDFi, you can enjoy the benefits of trading digital currencies with a cash account, which means no borrowing or leverage. This can be advantageous for those who prefer a more conservative approach to trading. However, it's important to note that fees and limitations may still apply, so it's crucial to review the terms and conditions provided by BYDFi to understand the specifics.
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