NexusFi: Find Your Edge


Home Menu

 





Why are individual traders charged for professional data fees?


Discussion in Traders Hideout

Updated
    1. trending_up 1,087 views
    2. thumb_up 4 thanks given
    3. group 1 followers
    1. forum 2 posts
    2. attach_file 2 attachments




 
Search this Thread

Why are individual traders charged for professional data fees?

  #1 (permalink)
opi5981
Beijing,China
 
Posts: 22 since Sep 2021
Thanks Given: 4
Thanks Received: 9

Why are individual traders charged for professional data fees?
I trade on EUREX and CME. The fees charged by EUREX are non-professionals, while CME is a professional. I declared that I am a non-professional when opening an account. Did AMP change it privately?I only trade 1 fgbl contract, 2 MCL and 2 MGC. Is this enough to make me a professional? I think it is very ridiculous.


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Trade idea based off three indicators.
Traders Hideout
Exit Strategy
NinjaTrader
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
Better Renko Gaps
The Elite Circle
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
27 thanks
Tao te Trade: way of the WLD
23 thanks
Diary of a simple price action trader
22 thanks
My NQ Trading Journal
14 thanks
GFIs1 1 DAX trade per day journal
9 thanks
  #2 (permalink)
 
xplorer's Avatar
 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 5,970 since Sep 2015
Thanks Given: 15,475
Thanks Received: 15,367


opi5981 View Post
Why are individual traders charged for professional data fees?
I trade on EUREX and CME. The fees charged by EUREX are non-professionals, while CME is a professional. I declared that I am a non-professional when opening an account. Did AMP change it privately?I only trade 1 fgbl contract, 2 MCL and 2 MGC. Is this enough to make me a professional? I think it is very ridiculous.

It's worth asking your broker why you're getting charged a professional fee. Could be a mistake, could be something you declared in your application pack.

Reply With Quote
Thanked by:
  #3 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,662 since Jul 2012
Thanks Given: 1,892
Thanks Received: 7,350


Some brokers assign you as a professional if you trade through an LLC or corporation.

Follow me on Twitter Reply With Quote
Thanked by:




Last Updated on December 24, 2021


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts