Day trading

What is Day Trading?

Day trading refers to the action of buying and selling a lot of securities in the same day, or even in seconds. Day traders seek to take advantage of the price fluctuations that occur during a trading session.

Pattern Day Trading

Pattern day trading is a rule set by one of our regulators called FINRA.

This rule states that users are limited to no more than three trades per day in a five business day period unless you have $25,000 in your account.

However, this rule does not apply to "cash accounts", which are the type of account you have when you create your Hapi account. This rule only applies to other types of accounts called “margin accounts”. This means that you can trade stocks and ETFs without worrying about the number of daily transactions.

Do you have any additional questions regarding Day Trading? Write to contacto@imhapi.app, we are here to assist you!

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Hapi Securities LLC is an SEC registered broker-dealer, a member of the Financial Industry Regulatory Authority (“FINRA”) (CRD number 311868), and Securities Investor Protection Corporation (“SIPC”), which protects securities of its members customers for up to US$ 500,000 (including US$ 250,000 in cash). For additional information visit SIPC Please note, SIPC covers the return of your securities should Hapi become insolvent, not against the decline of your securities. Click here. for Hapi’s form CRS, which describes Hapi’s products and services.

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Hapi offers commission free trading. However, certain fees may apply to certain products, operations and investments. Please refer to our full Fee schedule.

Cryptocurrency execution and custody services are provided by Apex Crypto LLC through a software licensing agreement between Apex Crypto LLC and Hapi Crypto LLC. Cryptocurrency trading is offered through an account with Apex Crypto. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Please ensure that you fully understand the risks involved before trading.