Are there any limitations on day trades for options on Robinhood in the cryptocurrency market?

3 answers

• May 09, 2022 · 3 years ago
  Yes, there are limitations on day trades for options on Robinhood in the cryptocurrency market. According to Robinhood's policies, if you have a Robinhood Gold account, you are allowed up to 3 day trades in a rolling 5 trading day period. If you exceed this limit, your account may be restricted from day trading for 90 days. It's important to be aware of these limitations before engaging in day trading activities on Robinhood.
  429

  215
• May 09, 2022 · 3 years ago
  Absolutely! You can freely trade options on Robinhood without any restrictions. Robinhood offers commission-free trading for options, which means you can buy and sell options as frequently as you want without incurring any additional fees. This makes it a popular choice for active traders in the cryptocurrency market who want to take advantage of short-term trading opportunities.
  382

  128
• May 09, 2022 · 3 years ago
  When it comes to day trades for options on Robinhood in the cryptocurrency market, there are indeed some limitations. According to Robinhood's policies, if you have a Robinhood Gold account, you are allowed up to 3 day trades in a rolling 5 trading day period. However, if you exceed this limit, your account may be restricted from day trading for 90 days. It's important to keep track of your day trades and be mindful of these limitations to avoid any potential restrictions on your account.
  493

  124