Trading room on Zoom.

[Dazz]

For a live trade room, you can trade sim or $$$; you can post sim track record or cash record, you can show trades in real time OR use surrogate instructions (i.e. text denoted entries, dots, arrows, lines, boxes, and so.

Of the nearly 2000 trade rooms out there, about 1930 do not trade so you will be in the minority. None are regulated at all unless the traders are NFA registered.

 

[zdreg]

I think it's a no go on this idea. From SEC:

Investment Advisers Act of 1940
With certain exceptions, this Act requires that firms or sole practitioners compensated for advising others about securities investments must register with the SEC and conform to regulations designed to protect investors. Since the Act was amended in 1996 and 2010, generally only advisers who have at least $100 million of assets under management or advise a registered investment company must register with the Commission.

Why is it a no go? you just gave the reason that it is a GO.

 

[Dazz]

Bob Amico trades both sim and real $$$ in real time on his site (Targetstradingpro.com) every day. He posts profits and brokerage statements many days. No regulation or restrictions apply to him.