Trading Fulltime

[S-Trader]

Not if your account is an individual account and you are not registered with FINRA or CFTC and do not put yourself out there as a money manager for others. You should be careful what you say on Linkedin. You should also avoid using a corporate email address.

Self-employed investor/trader implies you manage your own money.

Thanks, Robert. I remember there was back-n-forth discussion about pro/non-pro fees in at least a couple other threads... and I did remember your Linkedin tip... but I forgot what the definitive answer was re: what you declare for "employment" in your brokerage account.

 

[Robert Morse]

Thanks, Robert. I remember there was back-n-forth discussion about pro/non-pro fees in at least a couple other threads... and I did remember your Linkedin tip... but I forgot what the definitive answer was re: what you declare for "employment" in your brokerage account.

Keep in mind that NYSE/NASDAQ/OPRA have one set of standards while the ICE Futures and CME Futures have another. ICE future have no non-pro option, only pro-market data, The CME has an exemption for some small businesses, so not all LLCs, Trusts, and other entities are subject to pro-market data. They all basically want you to pay pro if you say you are a professional money manager and traders other's money.

 

[SPX Blaster]

Keep in mind that NYSE/NASDAQ/OPRA have one set of standards while the ICE Futures and CME Futures have another. ICE future have no non-pro option, only pro-market data, The CME has an exemption for some small businesses, so not all LLCs, Trusts, and other entities are subject to pro-market data. They all basically want you to pay pro if you say you are a professional money manager and traders other's money.

I am 10 days older than you.

 

[Robert Morse]

I am 10 days older than you.

Old man

 

[def]

Does IB require you to have a job if you want to trade, if no, than what do you put in the employment section of your account if you’ve quit your job or are planning on quitting in the near future?

Thanks in Advance.

No, you do not need a job but you have to have income or net worth. If you lie as others suggest, it could come back and bite you down the line. For starters, if we have good reason to believe you are untruthful, your account will have to be closed w/o any notice and little chance to set the record straight. Unemployed is fine or at home trader if that is what you are going to be doing. Of course, when or if you get a job, update your status via account management.

In short, best to answer honestly and accurately.