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What is a day trade?

Day trading refers to buying and selling the same stock on the same day. Just buying, without selling later that same day, would not be considered a day trade.

Trading is subject to certain restrictions imposed by our clearing firm, DriveWealth, around day trading — these restrictions are known as Pattern Day Trading. You engage in Pattern Day Trading if you make four or more day trades over a period of five business days. When trading in the Revolut app, at the order confirmation screen, you can see how many day trades you have remaining without breaching pattern day trading rules.

When you open your trading account with Revolut, you agree that you will not engage in Pattern Day Trading. Further details are included in the Limited Purpose Margin Account Agreement with DriveWealth that you agreed to when onboarding with Revolut Trading. If you engage in Pattern Day Trading, your account may be subject to suspension and/or closure.