Professional Client
This status can be granted to traders who posses required education, experience or investment portfolio size. Professional Clients are not entitled to as high level of protection and information as the Retail Clients.
Leverage 1:300
Regulatory Body: CySEC
Unique trading environment
Check the conditions
Below you can get familiar with a general conditions for clients with the said category status. Refer to our Client Categorization Policy for more information.
Professional
ClientYES
1:300
1:100
1:100
1:100
1:2
1:100
1:100
NO
Who can become a Professional Client?
(In order to obtain the client`s status, please check whether you meet at least 2 of the following 3 eligibility criteria)
If you have carried out transactions, in significant size, on the relevant market (FX, CFDs, Spot FX, forward, futures, swaps, options or other derivatives) with an average frequency of 10 transactions per quarter in the last four quarters. Significant size is considered to be a nominal value of 10,000 EUR for shares, 25,000 EUR for Indices and commodities and 50,000 EUR for Forex (or the equivalent in the relevant local currency).
The value of your financial instruments portfolio exceeds 500,000 EUR. "Financial instrument" may include, but is not limited to: savings accounts, options, stock portfolio, bonds, futures contracts, investment accounts, investment funds. Following are not eligible for the valuation of the portfolio referred to above: real estate, cars, jewellery, company pension plans.
Have you been working in the financial sector for at least one year in a position that requires knowledge of trading in financial instruments or brokerage services?
How to become a Professional Client?
If you meet the eligibility criteria, simply fill in the questionnaire in your Client`s Profile and contact us to submit documentation confirming the answers you marked. The process of verifying the application is simple and fast.
Apply for statusContact us
Contact us, and our representatives will assist you during the application process. Our team is always at your disposal!
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FAQ
Depending on the answers given in the Professional Client Questionnaire, we require 2 of 3 supporting information to be provided, as per the below:
- Trading History: Digital copies (PDF, Excel, etc.) of your trading history and proof of trading account opening with another broker (e.g., confirmation email). This applies if you've executed sizable trades (e.g., $10,000 for equities, $50,000 for Forex/CFD) at an average frequency of 10 trades per quarter over the last four quarters.
- Financial Portfolio: Digital copies of statements from savings accounts, stock portfolios, trading accounts, etc., showing a financial instrument portfolio exceeding EUR 500,000. Note that certain assets like property and luxury items are not eligible.
- Financial Sector Experience: Details of your role if you've worked for at least one year in the financial sector in a professional position requiring market knowledge.
All documents can be emailed to [email protected] or uploaded via the Customer Panel.
The verification process for a client applying for professional client status is usually quick. If all the required information and documents are provided promptly, the verification typically does not take longer than 24 hours. However, this timeframe may vary depending on the completeness of the provided information and any additional checks that may be required.
If a client (or clients) selects the option for re-categorisation to professional client status based on the “Financial Portfolio” criterion, they must demonstrate continuous trading in each of the last four quarters, as this is required to confirm professional client status. Consequently, a break of more than one quarter may result in the rejection of the re-categorisation application. However, if the client (or clients) meets the other two criteria, re-categorisation to Professional Client status remains possible.
Unfortunately, it does not. Directive 2014/65/EU requires that clients have at least one year of work experience in the financial sector, in a professional role involving transactions in financial instruments, or brokerage services. While a degree in economics provides valuable knowledge, it does not fulfill the requirement for practical professional experience.
Negative balance protection applies only to retail clients. According to ESMA Decision 2018/796, which was later adopted by the Cyprus Securities and Exchange Commission (CySEC), the negative balance protection is designed to safeguard retail clients and client(s)’ aggregate liability related to to the funds held by CFD trading account(s), meaning that client(s) cannot lose money than than the funds held by the relevant trading account(s). Professional clients are expected to have a higher level of expertise and understand the risks involved to trading with CFDs, the negative balance protection does not extend to professional client(s).
A significant size transaction is defined as a trade meeting or exceeding the following nominal values:
Shares: 10,000 USD
Indices and Commodities: 25,000 USD
Forex Market: 50,000 USD
These thresholds are used to assess the scale of a transaction in their respective markets. For transactions in other currencies, the equivalent amounts should be applied. The definition helps in evaluating the magnitude of trades to determine their impact and relevance for financial assessments during the professional client status applications.