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Are there any exemptions or waivers for the pattern day trader rule when trading cryptocurrencies on Robinhood?

avatarCarmenDec 26, 2021 · 3 years ago3 answers

Is there any way to avoid the pattern day trader rule when trading cryptocurrencies on the Robinhood platform? Are there any exemptions or waivers available?

Are there any exemptions or waivers for the pattern day trader rule when trading cryptocurrencies on Robinhood?
Cryptocurrencies
Pattern Day Trader Rule
Exemptions

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, there are no exemptions or waivers for the pattern day trader rule when trading cryptocurrencies on Robinhood. This rule applies to all traders, regardless of the platform they use. It is important to understand and abide by this rule to avoid any penalties or restrictions on your trading activities.
  • avatarDec 26, 2021 · 3 years ago
    As of now, there are no known exemptions or waivers for the pattern day trader rule specifically for trading cryptocurrencies on Robinhood. This rule is in place to protect traders and ensure fair and orderly markets. It is advisable to familiarize yourself with the rule and plan your trading activities accordingly.
  • avatarDec 26, 2021 · 3 years ago
    According to BYDFi, a digital currency exchange, there are no exemptions or waivers for the pattern day trader rule when trading cryptocurrencies on Robinhood. This rule is enforced by regulatory authorities and applies to all traders. It is important to comply with this rule to avoid any potential penalties or restrictions on your trading account.

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