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What is the maximum number of day trades allowed on Robinhood for cryptocurrency?

avatarH MAug 23, 2020 · 5 years ago3 answers

I would like to know the maximum number of day trades that are allowed on Robinhood for cryptocurrency. Can you provide me with this information?

What is the maximum number of day trades allowed on Robinhood for cryptocurrency?

3 answers

  • avatarFortune AkpanMay 09, 2023 · 2 years ago
    The maximum number of day trades allowed on Robinhood for cryptocurrency is 3 within a rolling 5 trading day period. This is in accordance with the Pattern Day Trading (PDT) rule set by the U.S. Securities and Exchange Commission (SEC). It's important to note that exceeding this limit may result in restrictions on your trading account.
  • avatarSummer WhybrowApr 23, 2023 · 2 years ago
    Hey there! So, on Robinhood, you can make up to 3 day trades within a 5-day trading period. Just keep in mind that if you go over this limit, your account might be flagged as a Pattern Day Trader (PDT) and you could face certain restrictions. Happy trading!
  • avatarMdballal HossanOct 15, 2024 · 8 months ago
    According to my knowledge, the maximum number of day trades allowed on Robinhood for cryptocurrency is 3 within a rolling 5 trading day period. However, it's always a good idea to double-check with the latest information from Robinhood's official website or contact their customer support for the most accurate and up-to-date details.

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