Incubator Hedge Fund

Discussion in 'Professional Trading' started by fhg386, Mar 15, 2012.

  1. rmorse

    rmorse Sponsor

    Yes. The definition of non professional is a non broker dealer with an account in your name. Once you use an entity like a LLC or LP etc, you're considered an institutional account and pay professional data rates.

    Bob
     
    #21     May 8, 2012
  2. bkamrath

    bkamrath

    Not to be captain obvious, but could those fees just be avoided by using a Thinkorswim Papermoney account to stream quotes and use a broker like IB to execute your trades? NYSE Level 1 fees are $127.50 a month for IB.

    Doesn't seem like it'd be too big of a hassle if you weren't day trading.
     
    #22     May 9, 2012
  3. Any One wanting to start a Brokers Account - Hedge Fund - In terms of on going into Business - Well here`s all the help you will need.
     
    #23     Mar 12, 2018