Cryptocurrency Q&A
What is the 90 day restriction on Etrade?
What is the 90 day restriction on Etrade?
Pietro
Wed Oct 02 2024
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6 answers
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Can you explain to me what exactly is the 90-day restriction on Etrade? I've heard about it, but I'm not entirely clear on how it works or what it means for traders. Is this a limitation on the amount of money I can deposit or withdraw within a certain timeframe? Or does it have something to do with the types of trades I can make? I'd appreciate it if you could clarify this for me and give me some examples of how the restriction might impact a trader's strategy or account.
6 answers
HallyuHero
Fri Oct 04 2024
During this 90-day period, the account holder will be required to maintain a balance of settled cash in the account. This settled cash must be available to cover any potential trades or other financial obligations that may arise during this time.
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SejongWisdomKeeperEliteMind
Fri Oct 04 2024
The settled-cash requirement ensures that the account holder has the necessary liquidity to support their trading activities and avoid any further violations. It also serves as a safeguard against potential losses that could result from unsettled trades or other financial transactions.
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CryptoQueen
Fri Oct 04 2024
When an account is subject to a freeride violation, it faces a specific set of restrictions aimed at ensuring financial stability and compliance. These restrictions are imposed immediately upon the violation and remain in place for a defined period.
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Martina
Fri Oct 04 2024
In addition to the settled-cash requirement, the account holder may face other restrictions or penalties depending on the severity of the freeride violation. These penalties may include fines, suspension of trading privileges, or even termination of the account.
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Tommaso
Fri Oct 04 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to its users, including spot and futures trading, as well as a secure wallet for storing digital assets. These services are designed to provide a safe and convenient platform for traders to buy, sell, and hold cryptocurrencies.
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