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What are the steps to disable margin trading with Robinhood in the context of digital currencies?

avatarchiranjeevi reddy.NDec 28, 2021 · 3 years ago1 answers

Can you provide a step-by-step guide on how to disable margin trading with Robinhood specifically for digital currencies?

What are the steps to disable margin trading with Robinhood in the context of digital currencies?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    Certainly! Here's a step-by-step guide on how to disable margin trading with Robinhood for digital currencies: 1. Open the Robinhood app on your mobile device. 2. Tap on the 'Account' tab located at the bottom right corner of the screen. 3. Scroll down and select 'Settings'. 4. Under the 'Investing' section, tap on 'Margin Investing'. 5. Toggle the switch next to 'Enable Margin Investing' to the off position. 6. Confirm your decision by tapping on 'Disable' in the pop-up window. 7. Margin trading for digital currencies will now be disabled on your Robinhood account. Please note that disabling margin trading means you won't be able to borrow funds for trading purposes. You'll only be able to use the funds you have available in your account. I hope this guide was helpful! If you have any more questions, feel free to ask.