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.
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.
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 status
Contact us, and our representatives will assist you during the application process. Our team is always at your disposal!Let`s talk
Depending on what answers will be provided in the Professional Client's survey, we will then ask for documents such as a history of appropriate volumes of financial market transactions over the last four quarters, details of your position and how this has helped you to acquire sufficient knowledge and experience, statements from savings accounts, asset portfolios and/or trading accounts with a value > 500,000 EUR.
The verification process is relatively fast - if all documents are provided straight away, it usually takes less than 24 hours.
If one of the criteria confirming your professional client status is a trading condition in the last 4 quarters then your application may be rejected. In the case that the other two conditions are fulfilled, then the professional client status can be granted. However, please note that the continuity of 4 quarters is required.
Unfortunately not because one of the conditions specified in Directive 2014/65/EU requires that the client works or has worked in the financial sector for at least one year holding a professional position, which requires knowledge of carrying out transactions in financial instruments or brokerage services. Studies of economic nature are therefore not a justification for meeting this requirement, as they do not relate to a practical approach.
Significant size trading is considered a trade of 10,000 USD in nominal value for shares, 25,000 USD for Indices and commodities and 50,000 USD for the Forex market (or equivalent in the relevant local currency).
Based on Decision 2018/796 taken by ESMA and later adopted by the Cypriot Regulatory Authority (CySEC), a negative balance protection is designed to protect customers in exceptional circumstances when a change in the price of the underlying is large and sudden enough to prevent the CFD provider from closing out the positions as required by the margin close-out protection. However, this protection applies to retail customers only.