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Can I day trade with the Nomad investment account?

It is not recommended to carry out day trading operations through the Nomad app. Our investment platform is not designed for this type of operation, since Nomad focuses on building long-term wealth for its clients.

If 4 or more day trades are carried out in a period of 5 business days, as defined by FINRA (Financial Industry Regulation Authority), the account will be classified as PDT and will be blocked from purchasing new assets for 90 days.

 

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