when you join a prop firm, you need to pass the series 7 which makes you considered a professional trader. the quote fees like take a huge jump compared to nonprofessional. suppose you end up leaving the prop firm, do you become nonprofessional after your series 7 expires or do you always remain professional? is there any way to change back to nonprofessional after?
My understanding is that as soon as your firm "U-5's" you (terminates you)...that you are off the hook as a professional. You can't be treated as a pro if you're not aligned with a firm. Don