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 personal name on your account to another personal name, or switch your (Pro or non-Pro) status after you register. If you plan to register your account under a business name, continue reading for instruction.
NOTE! Professional traders pay their own data separately when trading in an account
- Please ensure you choose the right option as a Professional pays for all of his/her own fees. Traders who are Professional pay the Professional Data fees in ADDITION to monthly subscription fees.
- Carefully review the Rithmic Market Data Certification info below to determine your status.
Can I register my account through my business entity?
Yes you can, but be aware you may qualify as a Professional and incur additional data fees. Carefully review the criteria (below) and consult your professional advisors. Due to this possibility, and the fact that you cannot change your status later, your decision to register as a business needs to be made up front.
Two Step Process to register business:
- Register with your personal name (the form only allows for a first and last name) and address.
- Promptly after completing your first purchase, log in with your new Rithmic ID and send us a ticket. (PLEASE DO NOT TRADE THE EVALUATION PRIOR TO HEARING FROM US TO CONFIRM WE ADDED LLC TO ACCOUNT) Let us know you want to change the name on the account to your business entity. In the message include your Rithmic User ID and the name of the business. You are permitted to change from your personal name to a business name, but not your pro/non-pro status. It is not necessary to update the address.
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.
Warning: Do NOT engage in any trading activity with money you cannot afford to lose. Day trading can be extremely risky and offers no guarantee for success. You should not fund day-trading activities with retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or funds required to meet your living expenses.
If you engage in day trading activities, set a budget and do not spend beyond your set budget.