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TagsWhat are the day trading restrictions for cryptocurrency on Webull?
Sunil RajDec 16, 2021 · 3 years ago1 answersCan you please provide a detailed description of the day trading restrictions for cryptocurrency on the Webull platform? I am interested in understanding the specific limitations and rules that apply to day trading cryptocurrencies on Webull.
1 answers
- As an expert in the field, I can tell you that Webull has certain day trading restrictions for cryptocurrency. To engage in day trading, you need to have a margin account with at least $25,000 in equity. This is a requirement set by FINRA to protect retail investors. Additionally, Webull has specific trading hours for cryptocurrencies, which are from 4:00 AM to 8:00 PM Eastern Time. It's important to note that these restrictions may vary depending on the jurisdiction you are in. Therefore, it's always a good idea to consult with a financial advisor or check the official Webull website for the most accurate and up-to-date information.Dec 16, 2021 · 3 years ago
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