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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
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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 …
