Is there a way to reset PDT on Webull specifically for trading cryptocurrencies?

I am using Webull for trading cryptocurrencies, and I have encountered the Pattern Day Trading (PDT) restriction. Is there a way to reset PDT on Webull so that I can continue trading cryptocurrencies without any limitations?

3 answers
- Yes, there is a way to reset PDT on Webull for trading cryptocurrencies. You can contact the Webull customer support team and request a PDT reset. They will review your account and if you meet their criteria, they will reset the PDT status for you. Make sure to provide all the necessary information and explain your situation clearly to increase your chances of getting the reset. Good luck with your trading!
Mar 20, 2022 · 3 years ago
- Unfortunately, Webull does not provide a specific option to reset PDT for trading cryptocurrencies. The PDT restriction is imposed by regulatory requirements and applies to all trading activities, including cryptocurrencies. To avoid PDT limitations, you can consider using other trading platforms that do not have such restrictions or explore alternative trading strategies that do not trigger the PDT rule. Happy trading!
Mar 20, 2022 · 3 years ago
- Yes, you can reset PDT on Webull for trading cryptocurrencies by using the BYDFi platform. BYDFi is a digital currency exchange that offers advanced trading features and does not have PDT restrictions. You can transfer your cryptocurrencies from Webull to BYDFi and continue trading without any limitations. BYDFi also provides a seamless user experience and a wide range of trading pairs to choose from. Give BYDFi a try and enjoy trading cryptocurrencies without PDT restrictions!
Mar 20, 2022 · 3 years ago
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