What are the requirements to qualify for unlimited day trades on webull specifically for crypto trading?

3 answers

• May 06, 2022 · 3 years ago
  To qualify for unlimited day trades on Webull for crypto trading, you need to meet certain criteria. Firstly, you must have a Webull brokerage account and be approved for crypto trading. Secondly, you need to have a minimum account balance of $25,000. This is a regulatory requirement set by the Financial Industry Regulatory Authority (FINRA) for pattern day traders. Lastly, you should have a good understanding of the risks involved in day trading and be familiar with Webull's trading platform.
  498

  249
• May 06, 2022 · 3 years ago
  Unlimited day trades on Webull for crypto trading can be obtained by fulfilling specific requirements. Firstly, you must have an active Webull account that is approved for trading cryptocurrencies. Secondly, you need to maintain a minimum account balance of $25,000. This is a regulatory requirement imposed by FINRA to classify you as a pattern day trader. Lastly, it is important to have a solid understanding of the crypto market and be aware of the risks associated with day trading.
  487

  163
• May 06, 2022 · 3 years ago
  To qualify for unlimited day trades on Webull specifically for crypto trading, you need to meet certain conditions. Firstly, you must have a Webull brokerage account and be approved for trading cryptocurrencies. Secondly, you need to maintain a minimum account balance of $25,000. This is a requirement set by FINRA for pattern day traders. Lastly, it is crucial to have a good grasp of the crypto market and be familiar with Webull's trading platform. Keep in mind that these requirements are subject to change, so it's always a good idea to stay updated with Webull's latest policies.
  586

  147