Subscriber Account Status

When an investor logs into his or her brokerage account, a series of questions are presented. Answers to these questions help determine if the investor is a Professional or Non-Professional Subscriber, as defined by the exchanges.

Professional Subscribers

An investor who opens a specialty brokerage account is automatically considered a Professional Subscriber. These specialty accounts include:

  • sole proprietorship,
  • partnership,
  • corporate,
  • limited liability company,
  • exempt or non-exempt charitable organization,
  • pension/profit sharing plans, and
  • SIMPLE IRA plans

There are instances where an investor who opens a trust, investment club, or estate account is automatically considered a Professional Subscriber; however, the system generating the subscriber status questionnaire will determine if this is the case. Generally, a holder of one of these account types is considered a Professional Subscriber when more than one authorized trader is active on the account.

An investor may also be considered a Professional Subscriber depending on his or her occupation. These occupations can include an employee of a broker-dealer, an employee of a bank, an employee of an investment advisor, an investor registered with the SEC, FINRA or CFTC or an investor registered or associated with a state securities agency, securities exchange or association, or any commodities or futures contract market or association.

Confirm Your Professional Subscriber Status

To confirm your registration status, please visit www.finra.org > FINRA Broker Check.

Professional Subscriber Advantages & Disadvantages

Stock exchange rules dictate that Professional Subscribers are unable to obtain free, real-time streaming quotes. Professional Subscribers are eligible to purchase real-time streaming quotes. The costs for this service vary per firm. Your local Scottrade team can review pricing options with you.
A Professional Subscriber who does not purchase real-time streaming quotes will receive quotes on a 20-minute delay. Static, real-time quotes are provided to a Professional Subscriber at the point of order entry and when building option chains.

Non-Professional Subscriber Advantage

A Non-Professional Subscriber receives free, real-time streaming quotes on the various trading platforms the investor subscribes to.

Get Real Time Streaming Quotes

If you are a Professional Subscriber and would like to purchase real-time streaming quotes, please contact your local Scottrade team.

The information and content provided in the Scottrade® Knowledge Center is for informational and/or educational purposes only. The information presented or discussed is not, and should not be considered, a recommendation or an offer of, or solicitation of an offer by, Scottrade or its affiliates to buy, sell or hold any security or other financial product or an endorsement or affirmation of any specific investment strategy. You are fully responsible for your investment decisions. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives. Scottrade, Inc. and its affiliates are not offering or providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.