What is the minimum equity required for day trading in the cryptocurrency market on TD Ameritrade?

3 answers

• May 15, 2022 · 3 years ago
  The minimum equity required for day trading in the cryptocurrency market on TD Ameritrade is $25,000. This is in accordance with the regulations set by the Financial Industry Regulatory Authority (FINRA) for pattern day traders. It's important to note that this requirement applies specifically to day trading and not to other types of trading or investing on TD Ameritrade.
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• May 15, 2022 · 3 years ago
  To engage in day trading of cryptocurrencies on TD Ameritrade, you need to have a minimum equity of $25,000 in your account. This is a regulatory requirement imposed by FINRA to ensure that day traders have sufficient funds to cover potential losses. It's worth mentioning that this minimum equity requirement is applicable only to day trading and not to other forms of trading or investing on TD Ameritrade.
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• May 15, 2022 · 3 years ago
  The minimum equity required for day trading in the cryptocurrency market on TD Ameritrade is $25,000. This requirement is in place to comply with the regulations set by FINRA. However, it's important to note that there are other platforms and exchanges that may have different minimum equity requirements for day trading cryptocurrencies. For example, BYDFi, a popular cryptocurrency exchange, has a lower minimum equity requirement of $10,000 for day trading. So, if you're looking for alternatives, you may consider exploring other platforms as well.
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