The new industry-wide regulations which come into effect on the 1st of August 2018
from the European Securities and Markets Authority (ESMA) are changing
the trading environment for Retail Clients.
Professional Clients, however, are exempt from these changes.
- Check your eligibility to become a Professional Client
- To qualify as a Professional Client, you need to meet at least two of the following three criteria:
- Trading volume
An average of 10 significantly sized transactions per quarter over the last four quarters.
A financial instrument portfolio, including cash deposits, exceeding €500,000 or currency equivalent.
- Work Experience
Worked in the financial sector in a professional position, requiring knowledge of the transactions or services envisaged, for 1+ year(s).
- Professional Clients benefit from the below advantages
- FSCS Protection
Eligible clients are protected by the Financial Services Compensation Scheme
Excess of FSCS Insurance cover protection up to £1,000,000 per client
- Flexible Leverage
Up to 1:500 for professional clients
- Negative Balance Protection
Protection against market volatility ensuring that your losses do not exceed your total investment in the event of a failed margin call or stop out.
- Financial Ombudsman Service
Retain the rights to complain to the Financial Ombudsman Service when trading in a personal capacity
All trading involves risk. It is possible to lose all your capital