Hi guys, I have read if you are a prof trader with a prop firm, then you pay for prof data fees. But if we stop with the prop firm and trade on own after that, will we still need to pay prof data ? Thank you
If you are no longer registered with the prop firm and open an individual account, you are likely entitled to the non-pro exemption after you leave.
I have often wondered how many traders wives trade? You know what I mean...is it the intent perhaps that would count in those cases? Es
Here are the rules. I am quoting Ryan from Earn2Trade: You'd need to check with your broker to be certain but based on the following document, it does appear it would. https://www.cmegroup.com/market-dat...it-a-to-schedule-4-non-pro-self-cert-form.pdf The piece that makes you a pro is: (f) be solely for the Subscriber’s personal or private use; (g) be limited to managing the Subscriber’s own assets, and not be used in connection with the management of any assets of any third party(ies) in any capacity If it was only that part, then your own accounts I believe would be fine, however, it states also: The Non-Professional Subscriber must not: (d) be registered or qualified as a professional trader or investment adviser with any stock, commodities or futures exchange or contract market, or with any financial regulatory authority
Yes, based on the form, you should be OK for non-pro as long as you're not currently qualified as a pro from anything else.
This is a little late, but: I believe if you're registered with the SEC, you're a "professional" even if you're not currently using the data in a professional capacity.
They do not. And pro vs non pro market data rules are exchange based and they look at your current situation.
https://www.cmegroup.com/market-data/distributor/files/non-professional-subscribers-faq.pdf https://www.cmegroup.com/market-dat...it-a-to-schedule-4-non-pro-self-cert-form.pdf