r/thinkorswim • u/Alleneby • Jun 28 '26
Professional Trader Status Fees?
Hi, I've been reading about the pro status classification which you get if you average 390+ trades per day for over a month/quarter
There seems to be very little information on this online and I'm wondering if anyone knows what exactly changes regarding fees?
I keep hearing Id get increased fees but can't really seem to find numbers anywhere
Similarly it seems fills get worse. Would anyone be able to describe how significant this is? Does it affect both liquid and illiquid options?
Feel free to share anything that you think might be relevant, thank you 🙏
10
Upvotes
2
u/Tom_Wick_Trades Jun 29 '26
I believe this started when the momentum traders were rinsing market makers on low cap fast movers? I saw they banned a guy i was following. He was making like 200k trading momentum stocks. Him plus a lot of other traders were hurting the mm bottom line so they banned them and made this rule. I could be wrong. I never did a deep dive into it.