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Frequently Asked Questions

What are the licensing requirements?

All Avatar traders are required to be registered and licensed. Currently, traders are required to pass the 135 question version of the Series 57. After October 2018, FINRA’s exam restructuring will affect new trader registration.

What asset classes does Avatar Securities trade?

Avatar primarily trades U.S. equities, ETFs, ETNs and U.S. equity options.

What will my responsibilities be as a trader for Avatar Securities?

Traders with Avatar Securities are responsible for trading in a regulatory compliant manner. You will not be charged with menial tasks; your only task will be to learn, to trade responsibly, and to trade with discipline.

Do I receive a salary if I trade with Avatar Securities?

Avatar traders are generally experienced traders that prefer to be compensated based on individual performance. Traders at Avatar benefit from aggressive and flexible deal structures that vary from trader to trader based on need.

Does your firm support remote trading?

Yes. Remote trading is permitted for approved associates who meet the registration and licensing requirements.

Is Avatar Securities a Broker-Dealer?

Yes. Avatar Securities, LLC is a Nasdaq PHLX member firm. We are a proprietary trading firm only. Avatar Securities, LLC does not accept retail or customer accounts. Traders are not brokerage customers and SIPC insurance coverage is not available.

Whose capital do I trade?

Avatar is a proprietary broker dealer. We do not have any customers or outside investors. Avatar trades its own capital and all trades are marked as Principal.

Is Avatar Securities an independent firm?

Yes. Avatar is completely independent and maintains relationships with multiple execution and software providers.

When and how will I be paid?

Avatar traders receive profit distributions on the seventh business of day of the following month. Traders are only paid by Avatar Securities directly.

Would you like more information?

If you are a professional equities trader and want more information about Avatar Securities, please contact us.

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