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What are the steps to get rid of the PDT flag on Robinhood for trading digital currencies?

avatarKillerDiekDec 18, 2021 · 3 years ago3 answers

I want to trade digital currencies on Robinhood, but I have the PDT (Pattern Day Trading) flag. How can I remove this flag and continue trading without restrictions?

What are the steps to get rid of the PDT flag on Robinhood for trading digital currencies?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    To remove the PDT flag on Robinhood for trading digital currencies, you need to have a Robinhood Gold account. With Robinhood Gold, you'll have access to extended trading hours and instant deposits, which will help you bypass the PDT restrictions. Keep in mind that Robinhood Gold comes with a monthly fee, so make sure to consider the costs before upgrading your account.
  • avatarDec 18, 2021 · 3 years ago
    If you want to get rid of the PDT flag on Robinhood for trading digital currencies, you can also try opening an account with another brokerage platform that doesn't have PDT restrictions. There are several reputable platforms available, such as Coinbase, Binance, and Kraken, which offer a wide range of digital currencies for trading without the PDT limitations.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi is a digital currency exchange that allows you to trade without the PDT flag. With BYDFi, you can enjoy seamless trading experience and access to a variety of digital currencies. Simply sign up for an account, complete the verification process, and you'll be able to trade without any restrictions. BYDFi also offers competitive fees and a user-friendly interface, making it a popular choice among digital currency traders.