Cryptocurrency Q&A
What happens if Robinhood flags you as a day trader?
What happens if Robinhood flags you as a day trader?
amelia_miller_designer
Sun Apr 27 2025
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5
answers
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I've been flagged as a day trader on Robinhood and I'm wondering what consequences this might have. Will there be any restrictions on my account? Will I face additional fees or taxes? I'm concerned about how this might affect my trading activities.
5 answers
SejongWisdomSeeker
Tue Apr 29 2025
Being flagged as a pattern day trader (PDT) can have certain restrictions on your trading activities.
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Leonardo
Mon Apr 28 2025
Despite being labeled as a PDT, individuals still have the option to enroll in the brokerage cash sweep program.
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Elena
Mon Apr 28 2025
It's important to note that as a PDT, you won't be eligible to earn interest on your funds while they are in a margin account.
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DondaejiDelightful
Mon Apr 28 2025
If you happen to get flagged as a PDT while already enrolled in the brokerage sweep program, there will be consequences.
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Sara
Mon Apr 28 2025
Specifically, your cash will be removed or "swept back" from the program banks. This means that your funds will no longer be participating in the sweep program.
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