How does Webull restrict day trading in the cryptocurrency market?

1 answers

• May 07, 2022 · 3 years ago
  Webull, like many other brokerage platforms, follows the Pattern Day Trading (PDT) rule when it comes to day trading in the cryptocurrency market. This means that traders need to maintain a minimum account balance of $25,000 to engage in day trading activities. If the account balance falls below this threshold, the trader will be restricted from day trading until the balance is brought back up. Additionally, Webull limits the number of day trades a trader can make within a five-day rolling period. These restrictions are in place to protect traders and prevent excessive risk-taking. It's important for traders to understand and comply with these rules to avoid any limitations or penalties.
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