Does qualifying as a pro with cme force you into pro fees in your own personal accounts with other brokers?
Earn 2 Trade the gauntlet
- Thread starter caacapital
- Start date
Does qualifying as a pro with cme force you into pro fees in your own personal accounts with other brokers?
Earn2Trade-Ryan
Sponsor
You'd need to check with your broker to be certain but based on the following document, it does appear it would.
https://www.cmegroup.com/market-dat...it-a-to-schedule-4-non-pro-self-cert-form.pdf
The piece that makes you a pro is:
(f) be solely for the Subscriber’s personal or private use;
(g) be limited to managing the Subscriber’s own assets, and not be used in connection with the management of any assets of any third party(ies) in any capacity
If it was only that part, then your own accounts I believe would be fine, however, it states also:
The Non-Professional Subscriber must not:
(d) be registered or qualified as a professional trader or investment adviser with any stock, commodities or futures exchange or contract market, or with any financial regulatory authority
https://www.cmegroup.com/market-dat...it-a-to-schedule-4-non-pro-self-cert-form.pdf
The piece that makes you a pro is:
(f) be solely for the Subscriber’s personal or private use;
(g) be limited to managing the Subscriber’s own assets, and not be used in connection with the management of any assets of any third party(ies) in any capacity
If it was only that part, then your own accounts I believe would be fine, however, it states also:
The Non-Professional Subscriber must not:
(d) be registered or qualified as a professional trader or investment adviser with any stock, commodities or futures exchange or contract market, or with any financial regulatory authority
Thanks for confirming that. That is what I thought.
TY cafeole for asking this question.
Damn...there is always something to stop me.
ES
P. S. It is so nice to have someone like Ryan who is transparent and honest.
Damn...there is always something to stop me.
ES
P. S. It is so nice to have someone like Ryan who is transparent and honest.
Earn2Trade-Ryan
Sponsor
Absolutely! Just to clarify.. this is nothing specific with us... It would be for anyone who trades anyone else's money.. or prop firms.
Is it unethical for me to sign up with Earn2Trade and for Mrs. Savant trade a personal account? This would solve the issue.
Es
P.S. Now I gotta' talk her into being a loser trader...lol
Es
P.S. Now I gotta' talk her into being a loser trader...lol
Earn2Trade-Ryan
Sponsor
I wish I could answer!
Earn2Trade-Ryan
Sponsor
Hey! Not sure what you mean?