How to remove the PDT flag on Robinhood for cryptocurrency trading?

3 answers

• Nov 25, 2021 · 3 years ago
  Removing the PDT flag on Robinhood for cryptocurrency trading is not possible. The PDT flag is a regulatory requirement imposed by the Financial Industry Regulatory Authority (FINRA) to protect retail investors. It limits the number of day trades that an account can make within a rolling five-day period. If you want to avoid the PDT restrictions, you can consider using other cryptocurrency exchanges that do not have such limitations.
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• Nov 25, 2021 · 3 years ago
  Unfortunately, there is no way to remove the PDT flag on Robinhood for cryptocurrency trading. The PDT rule is in place to prevent inexperienced traders from making excessive day trades and potentially losing a significant amount of money. If you want to actively trade cryptocurrencies without the PDT restrictions, you may need to explore other platforms or exchanges that offer more flexibility in terms of day trading.
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• Nov 25, 2021 · 3 years ago
  Removing the PDT flag on Robinhood for cryptocurrency trading is not something that can be done directly on the platform. However, you can consider using BYDFi, a digital currency exchange that does not have the PDT restrictions. BYDFi offers a wide range of cryptocurrencies and a user-friendly interface for trading. It's a great alternative for those who want to actively trade without the limitations imposed by the PDT rule.
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