Any Broker Allows Trading Without Pro Data Subscription?

Self directed trading with one's own money gets non-professional status and much lower live data fees. In my case, futures (+NYSE/Nasdaq for FAANG's and indices) with TradeStation, costs about a tank full of gas worth a month.

Don't know about if it is done thru LLC's?
 
newwer said:
As a non-pro you can get access to nearly all market day for like $20/month.

As a pro you are forced to pay like $1,000+/month for the same data. And this is per username. So same trader has to pay 3,000/month if using 3 brokers.

I think this is a rip-off pushed by exchange monopolies. All LLCs are auto-classified as Pro without regard to how much volume of data consumed or trades placed.

Which brokers allow trading without data connection? The free/cheap data available all over is good enough for my firm as we don't trade that much.
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I trade with IB and do not subscribe to any of their market data. I run systematic strategies and use IQ Feed as the data source.
 
fan27 said:
I trade with IB and do not subscribe to any of their market data. I run systematic strategies and use IQ Feed as the data source.
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are you classified non-pro or pro at IB?
if non-pro you should be fine.
if pro then are you getting charged a non display fee?

Non-Display License Fees/month

CME

CBOT

NYMEX

COMEX

DME

Category A: Automated Trading Systems*

$670

$670

$670

$670

$670

Category A: User Non Display**

$375

$375

$375

$375

$375

Category A: Managed User Non-Display***

$170

$170

$170

$170

$170

Category B: Internal Order Processing****

$670

$670

$670

$670

$670
 
JSOP said:
So don't trade with an LLC. What's the advantage of trading with an LLC anyway?
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i trade + have hired 2 traders so need to deduct salaries/expenses
would like to hire a lot more and trade as many markets as possible
fees not that bad if doing heavy volume which we hopefully will grow into and it won't be a big deal
stocks have a lot less data fees and commissions cheaper but not as much leverage
crypto has high commissions, and no fees
so it all evens out in the end i guess
 
newwer said:
are you classified non-pro or pro at IB?
if non-pro you should be fine.
if pro then are you getting charged a non display fee?

Non-Display License Fees/month

CME

CBOT

NYMEX

COMEX

DME

Category A: Automated Trading Systems*

$670

$670

$670

$670

$670

Category A: User Non Display**

$375

$375

$375

$375

$375

Category A: Managed User Non-Display***

$170

$170

$170

$170

$170

Category B: Internal Order Processing****

$670

$670

$670

$670

$670
More...
non pro.
 
newwer said:
i trade + have hired 2 traders so need to deduct salaries/expenses
would like to hire a lot more and trade as many markets as possible
fees not that bad if doing heavy volume which we hopefully will grow into and it won't be a big deal
stocks have a lot less data fees and commissions cheaper but not as much leverage
crypto has high commissions, and no fees
so it all evens out in the end i guess
More...

Try some prop firms that might give you platform access and probably share revenue with you for your traders. I see their pro data for all ECNs including platform fee inclusive is like just $225 per month which sounds a good deal to me
 
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