Cryptocurrency Q&A
Do prop traders need a license?
Do prop traders need a license?
GeishaMelody
Sun Dec 08 2024
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6 answers
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I'm wondering if prop traders are required to have a license to operate in the financial markets. Is there a specific license or certification they need to obtain?
6 answers
Martina
Tue Dec 10 2024
In the United States, CFD trading is not permitted.
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ZenMindful
Tue Dec 10 2024
Instead, traders can only offer proprietary trading of exchange-traded securities.
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FireflySoul
Tue Dec 10 2024
To engage in proprietary trading, individuals and firms must comply with specific regulations.
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Chiara
Tue Dec 10 2024
These regulations are enforced by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
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KpopStarletShine
Mon Dec 09 2024
Compliance with these regulations is crucial for anyone wishing to offer proprietary trading in the US.
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