I remember someone mentioning a while back that day trading on Freertade isn’t allowed.
As a result if I remember correctly, I remember them saying there is a limit to how many times you can buy and sell shares of the same company per week.
Does anyone know where I can find this info out? Most of my investments are more long term, but I was wondering if it’s possible to try riding the waves at all?
Thanks
Day trading is allowed, you can sell instantly after you buy if you want to. It’s just not easy as a trading strategy as you don’t have good graphs. The prices are live now so it’s a lot easier than it used to be.
Day trading rules apply in america to US traders (PDT).
Ah great, thank you. So that doesn’t even affect UK traders trading with US stock?
I knew you technically could action the sales/purchases on Freetrade but didn’t want to do anything against the books and get banned/blocked etc
A couple of other (freemium) fintech services do have this limitation, eg. Stake and Revolut. However this seems to be because the trading is done in dollars.
Really interesting, thanks for confirming!
Thanks for confirming this. I’ve been keeping watch over some stocks. And I’ve noticed I could be pocketing some small cash, if I day traded. But wasn’t sure whether it was allowed on Freetrade. Didn’t want to break the rules…
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