Can I Open an Account as an Individual or a Business?
Yes. Traders can register either as an individual or as a business entity (such as an LLC or company).
However, there are important rules regarding how accounts must be registered and maintained.
Account and Profile Limitations
Traders are allowed only one profile on the platform.
Futures Accounts
Maximum 5 Intraday accounts
Maximum 5 Swing accounts
Maximum 10 Futures accounts total
Stock Accounts
Maximum 5 Intraday accounts
Maximum 5 Swing accounts
Maximum 10 Stock accounts total
Maximum Accounts Per Trader
20 total accounts
Up to 10 Futures accounts
Up to 10 Stock accounts
Creating multiple profiles or exceeding account limits may result in account termination.
For security and compliance purposes:
Your account must be registered under the same legal name shown on your KYC documents.
This name must remain consistent throughout your entire journey with PropShopTrader.
Important Registration Rule
Once your account is registered, your registration type cannot be changed.
Example:
If you register as an individual, you must continue operating as an individual.
If you register as a business, you must continue operating as that business.
Due to legal and tax requirements, converting between individual and business accounts is not permitted after registration.
Registering as a Company or LLC
PropShopTrader supports both single-member LLCs and multi-member companies.
Single-Member LLCs
Single-member LLCs are fully supported and are often the simplest business structure for traders. Because they involve only one trader, they generally require minimal additional setup.
Multi-Member Companies
Multi-member companies are also supported. However, additional compliance steps are required if multiple traders operate under the same company.
Requirements for Multi-Member Companies
Step | What You Need to Do | Why It Matters | How We Handle It |
1. Submit a Member Roster (Multi-Member Only) | Provide a spreadsheet (CSV/Excel) or include in an email: | Keeps your LLC fully compliant with our requirements. | We attach the roster to your master entity record and use it as the single source of truth during audits. |
2. Keep the Roster Updated | Notify us within 24 hours if a trader joins or leaves (multi-member LLCs only). | Keeps compliance data current and prevents delays if an unregistered name appears during compliance reviews. | Updates are logged immediately and reflected in our review queue. |
3. Continuous Monitoring | No action needed-just trade as normal. | Our analytics dashboards compare trading behavior across all LLC-linked accounts to confirm alignment with platform terms. | Monitoring runs in real time; only flagged exceptions move to manual review. |
What’s the difference between Non-Professional and Professional status?
When signing the Market Data Agreement, you must choose to classify yourself as either a Non-Professional or a Professional user.
Non-Professional: L1 (top-of-book) data fee is included with your PropShopTrader purchase. You qualify as a Non-Professional if:
You are trading for personal use
You do not hold a financial license (e.g., Series 7, Series 56)
You are not employed by a financial institution, hedge fund, or brokerage
You are not using market data for business or institutional purposes
Note: You can still purchase L2 (Depth of Book) via the Data Add-on page as a Non-Professional.
Professional: Both L1 (top-of-book) + L2 (Depth of Book) are required for Pro users. Professional data access requires a fee of $150/month per exchange. This fee is charged per calendar month, is non-prorated, and is non-refundable once selected. You qualify as a Professional if:
You hold a valid financial license
You are employed by a financial or trading firm
You use market data on behalf of a company, business, or institution
What happens if I select “Professional” during setup knowingly or unknowingly?
If you declare yourself a Professional, or Rithmic flags you as such based on the info you submitted:
You are required to pay the $150/month fee to maintain access to your trading account and market data feed.
Your account will be put on hold - no new purchases or trading activity will be allowed until the fee is paid.
If payment is not completed within 5 days, your Rithmic account will be closed, and you will forfeit any funds paid for your account as per policies.
If payment is made on time, your account will remain active without disruption.
If you believe this classification is incorrect, please contact us via your registered email at support@propshoptrader.com directly to request a correction ASAP.
Regulatory Status
Is PropShopTrader Registered With the SEC or FINRA?
No. PropShopTrader OÜ is not registered with the SEC, is not a FINRA member, and does not operate as a broker-dealer.
Does PropShopTrader Trade on My Behalf?
No. PropShopTrader does not place trades, manage brokerage accounts, or execute trades on behalf of traders.
All trading activity in evaluationstakes place within a simulated or evaluation trading environment, where traders execute their own trades using the platform tools provided.