Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Hello!
I am curious about the professional vs non professional distinction and its impacts. If someone was to trade for a prop firm and become considered a "professional" and then go back and trade a personal account does it change anything for them trading that personal account? Do they declare themselves as a "professional" for an account and data even if they are only trading personal money? What is the differences in terms of data and a brokerage account if considered a "professional"? How long does that stay can you ever go back to a "non professional"
Thanks!
Can you help answer these questions from other members on NexusFi?
1) A prop firm is the one paying the fees per user. If they want to share/impose the fee on you, this between you and them. A prop firm in my opinion would be considered a professional.
2) Pros pay higher fees for data. However, this has nothing to so with brokerage and commissions.
This is between the prop and the broker, however, a prop may elect to have a membership that could reduce their exchange fees.
3) I am not aware of any time period switching between being a pro and non-pro.
My last advice is to contact the market data department in the exchange you with to be a part of. I assume CME?
Thanks,
Matt
Optimus Futures
There is a risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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 …