Are there any specific day trading rules for cryptocurrencies on Fidelity?

1 answers

• Bengtson BoyetteJun 08, 2022 · 3 years ago
  As an expert in the field, I can confirm that Fidelity does have specific day trading rules for cryptocurrencies. Traders must have a margin account with a minimum balance of $25,000 to engage in day trading. Pattern day trading, defined as executing four or more day trades within five business days, is also regulated by Fidelity. Traders classified as pattern day traders are required to maintain a minimum equity balance of $25,000. It's important to stay updated with Fidelity's policies and guidelines, as they may have additional restrictions or requirements for trading certain cryptocurrencies.
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