What are the restrictions for day trading cryptocurrencies on Webull?

1 answers

• Nov 29, 2021 · 3 years ago
  As an expert in the field, I can tell you that day trading cryptocurrencies on Webull comes with a few restrictions. Firstly, you need to have a minimum account balance of $25,000 to engage in pattern day trading. This is a requirement set by FINRA. Additionally, Webull has specific rules regarding the number of day trades you can make within a five-day period. If you exceed this limit, your account may be flagged as a pattern day trader. It's important to carefully read and understand Webull's day trading restrictions before getting started. Remember, knowledge is power when it comes to successful day trading.
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