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Market data - Non-professional vs Professional
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Market data - Non-professional vs Professional

  #1 (permalink)
Trading Apprentice
Pacific Island
 
Futures Experience: Advanced
Platform: Sierra Chart
Broker/Data: Interactive Brokers
Favorite Futures: ES, NQ, YM, CL, GC
 
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Market data - Non-professional vs Professional

Hi,

I'm just curious about market data. The fees are different depending on status. Non-professional status is charged $10 while professional status is charged more than $100. I'm wondering if professional status receives better market data feed from another server or both status gets the same market data feed but the professional status is just charged higher fees.

Thanks.

John

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  #2 (permalink)
Elite Member
New York, NY
 
Futures Experience: Advanced
Platform: OptionVue
Broker/Data: IB
Favorite Futures: RUT, SPX options
 
Bookworm's Avatar
 
Posts: 157 since Apr 2010
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It is supposed to be the same data.

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  #3 (permalink)
Elite Member
Hong Kong
 
Futures Experience: Intermediate
Platform: NinjaTrader, TWS
Broker/Data: IB/Kinetick
Favorite Futures: ES
 
Posts: 233 since Jan 2012
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I have discussed this topic with Kinetick and Interactive Brokers and confirmed data feed supplied is 100% the same. Just an admin difference required by regulators for pro traders handling others' funds.

If working for yourself (from home or office), trading strictly for your own income, you can still be registered as "Non-professional" even if you have created a company of your own to enjoy tax benefits. But always best to check your local tax office wherever you are, of course.

Richard
Hong Kong
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  #4 (permalink)
Trading Apprentice
serbia
 
Futures Experience: None
Platform: other
Favorite Futures: stock
 
Posts: 5 since Sep 2013
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RichardHK View Post
I have discussed this topic with Kinetick and Interactive Brokers and confirmed data feed supplied is 100% the same. Just an admin difference required by regulators for pro traders handling others' funds.

If working for yourself (from home or office), trading strictly for your own income, you can still be registered as "Non-professional" even if you have created a company of your own to enjoy tax benefits. But always best to check your local tax office wherever you are, of course.



if you are working from home for yourself through prop company then? Professionals or non-professionals trader?

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  #5 (permalink)
Shakes
Alexandria, Minnesota
 
Futures Experience: Beginner
Platform: Ninja trader
Broker/Data: IB / IQFeed
Favorite Futures: Forex
 
Posts: 135 since Jun 2014
Thanks: 30 given, 33 received

Non- professional


bobic View Post
if you are working from home for yourself through prop company then? Professionals or non-professionals trader?


If your trading from home and not for other clients. Then you would go with the nonprofessional data feed.

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  #6 (permalink)
Trading for Fun
delhi, delhi, india
 
Futures Experience: Intermediate
Platform: cqg ic
Favorite Futures: oil
 
Posts: 59 since Dec 2013
Thanks: 10 given, 13 received

If you are employing own funds - non professional.
Employing others funds - professional.

Is what i understand. do correct me if i am wrong.

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  #7 (permalink)
Elite Member
Chicago IL
 
Futures Experience: Intermediate
Platform: NT CQG TWS
Favorite Futures: Futures and FOPs
 
Posts: 59 since Mar 2014
Thanks: 7 given, 15 received

Not quite, I know people who trade OPM thru friends &family accts and get non pro rates.

You should call ibkr to verify if your single person LLC is non-pro just to be sure. You don't want them changing your sub when your not aware. If your an RIA or CTA, then it's definitely pro.

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