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.

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 or options.
  • Cash brokerage accounts are not subject to FINRA’s pattern day trade call rules.
  • Day trade calls are industry-wide 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.

Note

Your day trade limit will remain constant throughout the day.

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 AccountMenu (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

Remember, you can only get a day trade call if you’ve been flagged as a pattern day traderand 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 card 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 or purchase crypto. 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.

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

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