Are there any restrictions or limitations when day trading cryptocurrencies with Robinhood Gold?

3 answers

• Dec 16, 2021 · 3 years ago
  When day trading cryptocurrencies with Robinhood Gold, there are a few restrictions and limitations to keep in mind. Firstly, Robinhood Gold requires a minimum account balance of $2,000 to access the day trading feature. Additionally, there is a limit on the number of day trades you can make within a rolling five-trading-day period. If you exceed this limit, your account may be flagged as a pattern day trader, which comes with certain restrictions. It's important to note that these restrictions are in place to comply with regulatory requirements and protect investors.
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• Dec 16, 2021 · 3 years ago
  Day trading cryptocurrencies with Robinhood Gold comes with some restrictions and limitations. One of the main limitations is the account balance requirement of $2,000. This means that you need to have at least $2,000 in your account to access the day trading feature. Additionally, there is a limit on the number of day trades you can make within a rolling five-trading-day period. If you exceed this limit, your account may be flagged as a pattern day trader. It's important to be aware of these restrictions and plan your trading strategy accordingly.
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• Dec 16, 2021 · 3 years ago
  When day trading cryptocurrencies with Robinhood Gold, it's important to be aware of the restrictions and limitations that come with it. Robinhood Gold is a premium subscription service that offers additional features, including the ability to make unlimited day trades. However, it's important to note that Robinhood Gold is only available to eligible customers and is subject to certain terms and conditions. If you're interested in accessing Robinhood Gold, you can visit the BYDFi website for more information on eligibility and how to sign up.
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