Can I avoid the PDT rule when trading cryptocurrencies on Webull?

3 answers

• Dec 16, 2021 · 3 years ago
  Unfortunately, the PDT rule applies to all types of trading, including cryptocurrencies. Webull is a regulated platform and must adhere to the rules set by the Financial Industry Regulatory Authority (FINRA). This means that if you have less than $25,000 in your account, you will be subject to the PDT rule, which limits you to three day trades within a rolling five-day period. It's important to keep this in mind when planning your trading strategy on Webull.
  462231
• Dec 16, 2021 · 3 years ago
  Nope, the PDT rule applies to all types of trading, including cryptocurrencies on Webull. It's a regulatory requirement that aims to protect retail investors from excessive risk-taking. If you have less than $25,000 in your account, you'll be limited to three day trades within a rolling five-day period. So, make sure to plan your trades accordingly and consider the PDT rule when trading on Webull.
  400134
• Dec 16, 2021 · 3 years ago
  While Webull is a great platform for trading cryptocurrencies, it's important to note that the PDT rule applies to all types of trading, including cryptocurrencies. This rule is enforced by regulatory bodies to protect traders from excessive risk-taking. If you have less than $25,000 in your account, you'll be subject to the PDT rule, which limits you to three day trades within a rolling five-day period. However, there are other platforms that may offer alternatives to bypass the PDT rule, such as BYDFi. It's worth exploring different options if you want to avoid this restriction.
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