What is a professional trader?
A professional trader is someone who uses market data for their job or business. This can include people who trade for a company, give investment advice, or are registered with groups like the SEC or CFTC.
What types of jobs are considered professional traders?
You are a professional trader if you work as a:
Stockbroker or registered representative
Investment advisor, banker, or money manager
Trader at a hedge fund, investment firm, or bank who trades for others
Anyone registered with a group like the SEC, CFTC, or FINRA
What is a non-professional trader?
A non-professional trader is someone who trades only for themselves and not for a job. They do not work for a bank or financial company, do not give trading advice, and are not registered with a financial organization.
Does trading with Vanquish Trader make me a professional trader?
No. Using Vanquish Trader does not make you a professional trader. Vanquish Trader is a simulated trading platform that helps people practice trading with real market data, but without using real money.
What market data agreements will I need to sign?
When you use Vanquish Trader, you will agree to certain market data terms from our data providers. These agreements make sure that everyone uses the data correctly, based on whether they are a professional or non-professional trader.
I accidentally said I was a professional trader. What happens now?
Don’t worry. If you chose “professional trader” by mistake, DxFeed’s Compliance Team will contact you. They will help confirm your correct status and update your account if needed.