Retail broker account for people active professionally elsewhere?

[Kaga]

Do you have active licenses like series 7, 63, etc, etc?

That would make you a pro.

Nope, no active licenses required since not US citizen, but have US retail broker accounts.
Considering starting to trade a prop account for a firm, but gotta make sure to have all the other accounts in order once I start.

 

[tiddlywinks]

no active licenses required since not US citizen

Beyond my paygrade. Good luck.

 

[ajacobson]

You'll need to notify the prop firm and they will want duplicate trade confirms. Assuming they allow an outside account at all.

You will regret it if you circumvent their rules which kinda sounds like what you fishing for.

 

[Nobert]

Well I asked my broker why I was seeing delayed quotes.

So, would it be right to say that, they, intentionally, made it ,,harder'' for you since you were trading someone else's capital ?

 

[newwurldmn]

So, would it be right to say that, they, intentionally, made it ,,harder'' for you since you were trading someone else's capital ?

No. Because I had a Bloomberg terminal where I could see the live price if I wanted to trade.

 

[mercury-croc]

Each January retail brokers ask you to fill out a form concerning whether you are a professional trader or not. One of the questions is:

"Do you trade on behalf of anyone else?"

Does this question refer to the activity inside the particular account under consideration, or in general? I mean, can someone who is doing some trading for a prop firm in a proprietary account also have a independent, personal, retail account of their own with a retail broker counting as retail and not professional?

I guess it concerns the question of "security". Many brokers do not allow third-party trading. It has a seed of sence if you dig deeper