How does a good faith violation affect my ability to trade cryptocurrencies on Webull?

3 answers

• Smyna ReddyMay 07, 2024 · a year ago
  A good faith violation occurs when you buy and sell a security using unsettled funds. This violation can have consequences for your ability to trade cryptocurrencies on Webull. When a good faith violation occurs, Webull may restrict your account from making further trades using unsettled funds. This means that you will need to wait for the funds to settle before you can continue trading cryptocurrencies. It's important to be aware of the settlement period and avoid making trades with unsettled funds to prevent good faith violations.
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• Sutton RoyJun 03, 2023 · 2 years ago
  Good faith violations can have a temporary impact on your ability to trade cryptocurrencies on Webull. When a violation occurs, Webull may place a 90-day restriction on your account, prohibiting you from making further trades with unsettled funds. During this time, you will need to wait for the funds to settle before you can resume trading cryptocurrencies. It's crucial to manage your trades carefully and ensure that you have sufficient settled funds to avoid encountering good faith violations.
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• JoanJan 01, 2025 · 7 months ago
  When it comes to good faith violations and their impact on trading cryptocurrencies on Webull, it's important to understand the rules and regulations set by the platform. While I can't speak specifically for Webull, I can provide some general information. Good faith violations typically occur when you buy and sell securities using unsettled funds. This violation can result in restrictions on your account, preventing you from trading cryptocurrencies until the funds have settled. It's always a good idea to familiarize yourself with the platform's policies and guidelines to avoid any potential violations.
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