How can I remove PDT restriction on Webull?

3 answers

• Jan 14, 2022 · 3 years ago
  To remove the PDT restriction on Webull, you need to have a margin account with a minimum balance of $25,000. This will allow you to make unlimited day trades without being subject to the PDT rule. Keep in mind that maintaining the required balance is crucial to avoid any restrictions in the future.
  300150
• Jan 14, 2022 · 3 years ago
  Unfortunately, there is no way to remove the PDT restriction on Webull without meeting the minimum balance requirement. The PDT rule is imposed by regulatory bodies to protect traders from excessive risks. If you don't meet the requirements, you can still trade, but you will be limited to three day trades within a rolling five-day period.
  340114
• Jan 14, 2022 · 3 years ago
  Removing the PDT restriction on Webull is not possible on BYDFi or any other platform. The PDT rule is a regulatory requirement and applies to all brokerage accounts. To avoid the restriction, you can consider trading on other platforms that offer different account types or have lower balance requirements.
  30777