Is there a way to reset the PDT rule on TD Ameritrade for cryptocurrency trades?

3 answers

• Mar 29, 2022 · 3 years ago
  Unfortunately, the PDT rule applies to all types of trades, including cryptocurrency trades, on TD Ameritrade. There is no specific way to reset the PDT rule only for cryptocurrency trades. The PDT rule is a regulation imposed by the Financial Industry Regulatory Authority (FINRA) to prevent potential risks associated with day trading. It requires traders to maintain a minimum account balance of $25,000 and limits the number of day trades they can make within a rolling five-day period. To avoid the restrictions of the PDT rule, you can either maintain the required account balance or consider trading on a different platform that doesn't enforce the PDT rule for cryptocurrency trades.
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• Mar 29, 2022 · 3 years ago
  Hey there! Unfortunately, you can't reset the PDT rule on TD Ameritrade for cryptocurrency trades. The PDT rule is a pain for many traders, but it's a regulation that applies to all types of trades, including cryptocurrencies. If you want to avoid the restrictions of the PDT rule, you can either maintain a $25,000 account balance or explore other platforms that don't enforce this rule for cryptocurrency trading. Happy trading!
  430144
• Mar 29, 2022 · 3 years ago
  As an expert in the field, I can confirm that there is no way to reset the PDT rule on TD Ameritrade specifically for cryptocurrency trades. The PDT rule is a regulatory requirement that applies to all trades, regardless of the asset class. It is designed to protect traders and ensure responsible trading practices. If you want to avoid the PDT rule restrictions, you can either maintain a minimum account balance of $25,000 or consider trading on a different platform that doesn't enforce the PDT rule for cryptocurrency trades. Remember to always stay informed and make informed trading decisions. Good luck!
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