When you sign the user documents with Rithmic, make sure to choose correctly: Professional vs Non-professional.
You will not be able to change the name on your account or switch your status after you begin an Evaluation. You will not be able to decide you want to switch to run your account through a business (and thus different name) after you qualify, and BEFORE you begin your Paid Performance Account.
NOTE! Professional traders
pay their own data when trading in an evaluation account: $112 per exchange per month. http://ninjatrader.com/MDE
- Please ensure you choose the right option as a Professional pays for all of his/her own fees during the evaluation as the exchange charges considerably higher rates.
- Most traders with Leeloo are Non-Pro but please review the Rithmic Market Data Certification info below to determine your status.
Can I register my account through my business entity?
(*you must decide BEFORE
you register or start your Leeloo Evaluation)
Yes you can, but be aware you may have to pay Professional data fees. It’s a bit of a gray area and instead of Leeloo providing counsel on this issue, we ask that our clients contact Ninjatrader. Leeloo has a good partnership and works closely with an advisor at Ninjatrader. Leeloo does not permit you to to switch your registration to a business AFTER you qualify and are beginning your Paid-Performance Account. You must make the choice before registering your Evaluation account.
Please send an email to email@example.com
Mention that you are opening an account with Leeloo Trading and want to register as a business. BE SURE TO INFORM
them that you will be trading a Simulated/Paper Trading account (not a live account). If they think you are asking about a live account they will simply respond that you must register as a Pro. But this is usually not the case. Explain your business structure and ask if you would be required to register as a Non-professional or a Professional in a Simulated/Paper Trading environment. The good news is that many businesses are still ok to remain as non-pro registrants. (See below for official pro, non-pro info)
NOTE- On the registration form, there are no entries for a business name. Split your business name and enter where it asks for First and Last name.
NON-PROFESSIONAL SUBSCRIBER. You are confirming to Rithmic that you are either (i) an individual, natural person Subscriber who, or (ii) certain small business entities (limited liability companies, partnerships, trusts or corporations) that, will receive and use the Market Data (excluding any pit traded data), in each case subject to the following restrictions:
(a) You must have an active futures trading account in the event you are receiving futures Market Data;
(b) You must not be a member (or hold or lease any type membership) of any Exchange;
(c) You do not have a primary business purpose that involves trading;
(d) You are not registered or qualified as a professional trader or investment adviser with any stock, commodities or futures exchange or contract market, or with any regulatory authority, professional association or recognized professional body; and
(e) You are not affiliated with any entity that is or may be considered a Professional User; and
(f) Your use of the Market Data will be solely for your personal, non-business use;
(g) Your use of the Market Data will be limited to managing your own property and, for the avoidance of doubt, not in connection with the management of any property of any third party(ies) in any capacity, whether as a principal, officer, partner, employee or agent of any business or on behalf of any other individual, and whether or not the Subscriber receives any remuneration therefor; and
(h) You are not acting on behalf of an institution that engages in brokerage, banking, investment, or financial activities; and
(i) You have no more than two (2) means for accessing the Market Data from Rithmic; and
(j) You shall view the Market Data only on a device that is capable of routing orders to the Exchanges from which the Market Data originated.
PROFESSIONAL SUBSCRIBER. You or your business entity do not meet the qualifications of a Non-Professional Subscriber set forth above or that you or your business entity falls under any of the categories of Professional described below:
(a) You or your business entity provides financial or similar services to any third party.
(b) You or your business entity are registered or qualified as a professional trader or investment adviser with any stock, commodities or futures exchange or contract market, or with any regulatory authority, professional association or recognized professional body.
(c) You or your business entity acts on behalf of an institution that engages in brokerage, banking, investment or financial activities.
(d) You or your business entity holds any form of membership at any of the CME Group Designated Contract Markets ("DCM") or any other Exchange.