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What are the day trading rules for fidelity in the cryptocurrency market?

avatarPixel DVADec 16, 2021 · 3 years ago1 answers

Can you provide an overview of the day trading rules for fidelity in the cryptocurrency market? What are the restrictions and limitations that traders need to be aware of?

What are the day trading rules for fidelity in the cryptocurrency market?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers day trading services with its own set of rules. Traders on BYDFi are required to maintain a minimum account equity of $10,000 for day trading. There is no specific limit on the number of day trades that can be executed within a five-day period. However, BYDFi encourages traders to practice responsible trading and avoid excessive day trading. It's important to note that each exchange may have its own unique set of day trading rules, so it's crucial for traders to familiarize themselves with the rules of the specific exchange they are trading on.