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Yes I know just thought it would be a plus if you could pay for it through higher commissions. You could even make it a bit more expensive If that option is chosen. Just a thought, I think it would attract even more customers.
LLCs and S Corps - non-professional trading status?
Are all LLCs and/or S Corps operating as a trading business or trading education business contrued by law as professional? If so, is this a CFTC ruling or an IRS ruling? If I recall correctly, former Mirus representative commented on the fact that not all LLCs and/or S Corps that have accounts with them are considered professional but non-professional.
Legally, wherein lies the distinction? Anyone operating a non-professional trading LLC/ S Corp?
It's not nice to kick out thrustworthy reliable Brokers like Optimus and DDT which have made a huge efforts to let their customers smile and filled ninjatraders pockets thru new customers licenses. I hope that NinjaTrader could find an adult solution to bring them back to the NT family. It's good to have some more broker options, to spread risks. And personally i want a broker free unbound trading environment - like many others. Sadly AMP isn't a choice for me.
The following 2 users say Thank You to Koepisch for this post:
I am not sure if they can keep certain brokers in their tight ecosystem why not add brokers such as Optimus and others who have worked hard to build your NT client base it is because of these hardworking brokers your platform has been successful plus , of course NT awesome support as well.
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The following user says Thank You to optionzen for this post:
A consideration, maybe a tiered Inactivity Fee. Seems high to pay $25/month because you didn't make a $4 round trip trade. Maybe this can be tiered by NT license as well:
- $25/month Not owned/leased
- $12/month Leased
- $4/month lifetime
Thanks, as a lifetime license holder, I will sometimes go into development mode for automated strategy and it hurts to pay $25/month for not making the $4 trade...
Just a note that my understanding of the inactivity fee is as follows:
- If you are actually truly inactive, meaning you do not log in or trade, then there is no inactivity fee
- If you are actively using the data and simply do not trade, there is an inactivity fee
Mike
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