Am I a Professional Trader?
Am I a professional trader?
- Do you trade other people’s money or carry special licenses? If not, then you are probably not considered professional.
- Trade Ideas covers the fees for non-professional traders. If you are considered a Professional Trader, please go here to get started.
- This is how the NYSE defines a non-professional trader: any natural person whom Vendor has determined to qualify as a “Nonprofessional Subscriber” and who is not: (a) registered or qualified with the Securities and Exchange Commission (the “SEC”), the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, or any commodities or futures contract market or association. (b) engaged as an “investment advisor” as that term is defined in Section 201(11) of the Investment Advisor’s Act of 1940 (whether or not registered or qualified under that Act), nor (c) employed by a bank or other organization exempt from registration under Federal and/or state securities laws to perform functions that would require him or her to be so registered or qualified if he or she were to perform such functions for an organization not so exempt.
- Professional and non-professional traders receive the same software and data from Trade-Ideas.
- Professional traders have to pay more, but that money goes entirely to the exchanges.
- Professional traders have to fill out more paperwork.
- Trade-Ideas “Pro” is available to all traders, both professionals and non-professionals.