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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
Can you help answer these questions from other members on NexusFi?
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.
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.
SirianSTO
London + London
Posts: 7 since Jul 2020
Thanks Given: 12
Thanks Received: 3
Old thread, but the bolded bit isn't correct. I trade through my small Ltd company via IB, and I've been classed as a professional client, so I have to pay professional data fees. The moment I declared that the account is for a company, that was it. I don't even see the non-pro data options.
It's possible IB changed things around since the time when the comment was made.
