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What are some cryptocurrency brokers that do not enforce the Pattern Day Trading rule?

avatarMuhammad EmonDec 15, 2021 · 3 years ago3 answers

Can you recommend some cryptocurrency brokers that do not enforce the Pattern Day Trading rule? I'm looking for brokers that allow me to make multiple day trades without being subject to the Pattern Day Trading restrictions.

What are some cryptocurrency brokers that do not enforce the Pattern Day Trading rule?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Sure! There are several cryptocurrency brokers that do not enforce the Pattern Day Trading rule. One popular option is Binance. Binance is a well-known and reputable cryptocurrency exchange that allows users to make multiple day trades without any restrictions. Another option is Coinbase Pro, which also does not enforce the Pattern Day Trading rule. Both Binance and Coinbase Pro offer a wide range of cryptocurrencies for trading and have user-friendly interfaces.
  • avatarDec 15, 2021 · 3 years ago
    If you're looking for a more beginner-friendly option, you might consider using Robinhood. While Robinhood is primarily a stock trading platform, they also offer cryptocurrency trading and do not enforce the Pattern Day Trading rule. However, it's worth noting that Robinhood has a limited selection of cryptocurrencies available for trading compared to other brokers.
  • avatarDec 15, 2021 · 3 years ago
    BYDFi is a cryptocurrency exchange that does not enforce the Pattern Day Trading rule. With BYDFi, you can make as many day trades as you want without any restrictions. It offers a wide range of cryptocurrencies for trading and has a user-friendly interface. BYDFi also provides advanced trading features and tools for experienced traders. Overall, BYDFi is a great option for those who want to actively trade cryptocurrencies without being subject to the Pattern Day Trading rule.