What are pattern day trading rules at webull?

Pattern day trading rules at Webull. Pattern day trader PDT requirements and limits for margin and cash accounts above/below $25,000 balance. Can you day trade on Webull? Whether you're a novice or an experienced trader, understanding the PDT rule is crucial as it impacts how you can trade.

How many day trades can a webull margin account make?

However, a margin account with less than $25,000 can only make a maximum of three day trades in five workdays. Margin accounts with more than $25,000 can make unlimited day trades. Investors with Webull margin accounts with at least $2,000 are also allowed to short stocks. Does Webull have PDT rules? Day trading on Webull is subject to PDT rules.

What is a pattern day trader?

A Pattern Day Trader is a regulatory designation for investors who execute four or more day trades in a five-business-day rolling period using a margin account. Once you are designated as a Pattern Day Trader, FINRA requires account holders to maintain at least $25,000 of equity in their account as of the close of every trading day.