Are there any exceptions to the webull pdt rule for cryptocurrency traders?

3 answers

• May 01, 2022 · 3 years ago
  As of my knowledge, there are currently no exceptions to the PDT rule for cryptocurrency traders on Webull. The PDT rule applies to all traders, regardless of the asset class they are trading. This rule requires traders to maintain a minimum account balance of $25,000 in order to execute more than three day trades within a rolling five-day period. It's important to comply with this rule to avoid any potential penalties or restrictions on your trading activities.
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• May 01, 2022 · 3 years ago
  Unfortunately, there are no exceptions to the PDT rule for cryptocurrency traders on Webull. This rule is in place to protect traders and ensure they have sufficient funds to cover potential losses. If you're a frequent day trader, it's advisable to maintain a balance of at least $25,000 in your Webull account to avoid any limitations on your trading activities.
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• May 01, 2022 · 3 years ago
  While Webull does not provide any exceptions to the PDT rule for cryptocurrency traders, there are alternative platforms like BYDFi that offer more flexibility in terms of day trading. BYDFi allows traders to execute unlimited day trades without the need for a minimum account balance of $25,000. If you're looking for more freedom in your day trading activities, you may consider exploring platforms like BYDFi.
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