Day trade calls | Robinhood

Day trade calls

Day trade calls can be tricky and inconvenient, so it’s good to know how to prevent them, and what to do if you find yourself in one.

A day trade call is a type of margin call. You can select the in-app Day Trade Call notification for the actions needed to resolve it, like deposit money to cover the call.

Before you begin
  • You can only receive a day trade call if you’re flagged as a pattern day trader.
  • Day trade calls aren’t the same as day trade restrictions, though they’re both relevant if you day trade stocks.
  • Cash accounts are not subject to FINRA’s (US regulator’s) pattern day trade call rules.
  • Day trade calls are industry-wide US regulatory requirements and are not unique to Robinhood.

How they happen

You’ll get a day trade call if you exceed your day trade limit. Your specific day trade limit is based on a specific start of day value, which you can find by using the steps in the next section.

Day trade limit

Your day trade limit is set at the start of each trading day. It’s based on the amount of cash in your brokerage account and the margin requirements on the stocks that you hold overnight. In general, your day trade limit will be higher if you have more cash than stocks, or if you hold mostly stocks with low margin requirements.

To check your day trade limit in the app:

  1. Select Account (person icon) → Menu (3 bars) or Settings (gear)
  2. Select InvestingMargin InvestingToday’s Day Trade Limit
Keep in mind

You can increase your day trade limit intraday by depositing funds, but not by selling stock.

Getting a day trade call

You can only get a day trade call if you’ve been flagged as a pattern day trader and have exceeded your day trade limit.

Resolving a day trade call

To resolve a day trade call, you need to deposit the amount shown in the in-app day trade call and in the investing settings.

You get 5 trading days from when the day call was issued to deposit the necessary amount and will be restricted from day trading during that time.

If you don’t resolve the day trade call by the due date, you’ll remain restricted from day trading until you resolve the call.

If a day trade call is past due, you’re still able to deposit funds to resolve the call at any point.

Keep in mind

Funds deposited to meet the call must remain in your brokerage account for 2 full trading days before you can withdraw cash. If you withdraw cash while in an active day trade call, it will increase the call amount. You must also wait 1 full trading day after you deposit to continue day trading or you may be further restricted. If you day trade while in an active day trade call, you’ll be restricted from opening positions.

Disclosures

Robinhood U.K. Ltd (Robinhood UK) is a company registered in England and Wales (09908051) and is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the US by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.

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All investing involves risk and a loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the U.S. by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood U.K. Ltd is a private limited company registered in England and Wales (09908051).

Robinhood does not provide investment advice. Individual investors should make their own decisions.

Commission-free trading of stocks refers to $0 commissions for Robinhood self-directed individual brokerage accounts that trade U.S. listed securities and ADRs. Keep in mind, other costs such as regulatory fees may apply to your brokerage account. Please see Robinhood UK’s Fee Schedule to learn more.

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© 2024 Robinhood. All rights reserved.
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All investing involves risk and a loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the U.S. by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood U.K. Ltd is a private limited company registered in England and Wales (09908051).

Robinhood does not provide investment advice. Individual investors should make their own decisions.

Commission-free trading of stocks refers to $0 commissions for Robinhood self-directed individual brokerage accounts that trade U.S. listed securities and ADRs. Keep in mind, other costs such as regulatory fees may apply to your brokerage account. Please see Robinhood UK’s Fee Schedule to learn more.

UK Privacy policy

© 2024 Robinhood. All rights reserved.