What is the difference between a private and a professional investor?

Price differs from private and professional investors due to exchange rules.


Private investor

A natural person (and not a corporation, partnership, proprietorship or any other entity whatsoever) who does not perform and is not in any other way engaged in giving investment services.


Professional investor

  • A corporation, partnership, proprietorship or any other entity whatsoever is a professional user even if they do not run investment services.
  • A natural person involved in giving investment services. The definition of “giving investment services” is: “Being authorized to give investment services or registered with SEC (or authorities with similar functions in other countries)”.


Please note

Professionals who identify themselves as Private Investors risk liability for all uncollected professional exchange fees, may have their data rights revoked and are in violation of federal law. The subscriber assumes all liability for declaring correct status as a Professional Investor or Private Investor and will be held accountable for all applicable penalties and / or exchange fees.