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Working as an advisor sounds like a good option. I don't speak from experience yet, but if registration/compliance is your main concern you might also check out the Regulation D exemptions for private placements. Typically you are limited to Accredited Investors or even Qualified Clients (i.e...

Thanks for your answer. That echoes what I've learned in the meantime. I'm just taking the SIE and the Series 3 since I don't need to be affiliated with a BD. As for the others, I have no interest in registering as the only benefit seems to be added scrutiny and audits.

I do not yet hold any licences but am exploring starting a hedge fund in the next few years. I'm thinking to take the SIE and the Series 6, 7, 63, and 65 exams. If I understand correctly: (1) Series 65 will allow me to charge a management fee (instead of just a performance fee) (2) Series 65...

Yes, Schwab has four levels - the permissions are listed here: https://help.streetsmart.schwab.com/pro/4.36/Content/Option_Approval_Levels.htm I have Level 2, and actually I get an error when trying to sell a cash-covered VIX put. I can enter vertical/diagonal spreads without problem. I'm not...

I just didn't understand - you are saying that with IB you see options on the /VX futures? I didn't find those anywhere, and only see the VIX index options (multiplier $100).

What do you mean by mix them? I'm looking for the same exposure as VIX options, just with larger contracts. Do you have a link? I could not find any options on the /VX futures chain.

I'm a relatively small fish, and usually my trades contribute little to the overall daily volume of a product. But with VIX options, I'm often the majority of the OI for a given contract. Besides racking up commissions on hundreds of contracts, it also makes me wonder where the big players are...

It's an index option, like SPX options Schwab does allow this. I confirm it because I have recently traded VIX options with Schwab.

Thanks - I appreciate the advice. I hadn't considered a self-directed IRA, and it sounds like it might be a great solution.

That makes sense. So does IB permit this? And if not, which broker does?

I am looking to create an Investment Club structured as a partnership which will have a single pooled brokerage account. Taxes pass through to the individual partners via Schedule K-1. It appears that Traditional IRAs and Roth IRAs can be mixed into the pool, provided that: 1- the pooled...

Thanks for the answers. I've looked into both SMAs and investment clubs, and I think an investment club is promising. The biggest benefit is the single account, which simplifies trading. At this point < 10 investors, but that may grow. After initial setup, regulatory paperwork seems manageable...

I realize my post may not have been clear on the goal; allow me to try again: I'm wondering if there are any structures (requiring < $100k and < 100 hours to set up) to pool multiple accounts such that: the trader only sees one pooled account (i.e. doesn't have the hassle of copying trades to...

I'm searching online about investment clubs, but it seems you just make an LLC and open a brokerage account in its name. So the problem is that at least one person has withdrawal-rights over everyone else's money. Ideally, one person would be able to trade, but a person can only withdraw their...

To make sure I understand, with a IB friends & family account, you can do the following? Account 1: 5k USD Account 2: 10k USD Then you buy 100 shares XYZ for 3k USD in the master account (i.e. one single trade), and automatically: Account 1: 4k USD + 33.333333 XYZ Account 2: 8k USD + 66.666666 XYZ

I looked at this, but it seems that you must place trades in individual accounts?

Besides mutual funds and hedge funds, are there simpler options for creating a pooled account (i.e. you trade in one big account rather than separately for each client)? It's tedious to enter the same trades across 10+ accounts. Assuming one was to get the proper licensing, is there a simple...

As far as I know, Deribit margins each leg separately. So if you have spreads, they won't be recognized for lower margin than the sum of the margin on each leg.

It seems that Ether options are only available for institutional accounts, and that retail does not have any access at any broker.

Is there any broker that lets you trade CME Ether Futures (and its options) in an IRA? It's fine if only long contracts are allowed, and if margin is the full notional value.