How can I reset the PDT rule on Webull specifically for trading digital currencies?

3 answers

• Dec 27, 2021 · 3 years ago
  To reset the PDT rule on Webull for trading digital currencies, you can try the following steps: 1. Contact Webull customer support: Reach out to Webull's customer support team and explain your situation. They may be able to provide guidance or reset the PDT rule for you. 2. Upgrade your Webull account: Consider upgrading your Webull account to a higher tier. Higher-tier accounts often have more flexibility and fewer restrictions, including the PDT rule. 3. Explore other trading platforms: If resetting the PDT rule on Webull proves to be difficult, you can explore other trading platforms that offer digital currency trading without the PDT rule. Some popular options include Binance, Coinbase, and Kraken. Remember to always do your own research and consider the pros and cons of each platform before making a decision. Good luck with your digital currency trading!
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• Dec 27, 2021 · 3 years ago
  Resetting the PDT rule on Webull specifically for trading digital currencies can be done by following these steps: 1. Maintain a balance above $25,000: The PDT rule applies to accounts with a balance below $25,000. By keeping your account balance above this threshold, you can avoid the PDT restrictions. 2. Wait for the 90-day period: If you've made more than three day trades within a five-day period and your account balance is below $25,000, you'll be classified as a pattern day trader. In this case, you'll need to wait for 90 days without making any day trades to reset the PDT rule. 3. Consider using a different trading platform: If resetting the PDT rule on Webull is not feasible for you, you may want to explore other trading platforms that offer digital currency trading without the PDT rule. Some alternatives include Binance, Coinbase, and Kraken. Remember to always consult with a financial advisor and do thorough research before making any trading decisions.
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• Dec 27, 2021 · 3 years ago
  Resetting the PDT rule on Webull specifically for trading digital currencies is not possible as of now. Webull strictly follows the PDT rule set by the U.S. Securities and Exchange Commission (SEC). However, you can explore other trading platforms like BYDFi, Binance, or Coinbase that may offer more flexibility in terms of PDT rule for digital currency trading. It's important to understand the rules and regulations of each platform before making any decisions. Good luck with your digital currency trading journey!
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