Professional Account

If you meet at least two of the following criteria, you may be eligible to reclassify as an elective professional client:

• Have a financial portfolio that exceeds €500,000*
• Placed at least 10 relevant trades in significant sizes over the last four quarters
• Work, or have worked, in the financial sector for at least one year

Protections you’ll keep

• Money you hold with us will remain in a segregated client bank account, unless we inform you otherwise
• As an individual you’re eligible for FSCS protection for up to £85,000 that you hold with us
• If you are trading in a personal (‘consumer’) capacity, you should be eligible to use the FOS. If you are unsure whether its services will apply to you, contact the FOS directly
• We must take all reasonable steps to obtain the best possible results for clients when executing orders or when placing orders with, or transmitting to, a third party
• You retain the right to request a different categorisation – for example, if you wish to be afforded a higher level of regulatory protection

Protections you’ll waive

• Leverage restrictions applicable to retail clients do not apply to professionals. But remember, with increased leverage comes increased risk
• You will not have negative balance protection. Should your account fall into a negative balance, you will be obliged to make additional payments – meaning losses can exceed deposits
• As you understand the risks associated with trading complex financial products, we will not impose product restrictions upon you
• We may not provide you with any standardised risk warnings as you already understand the associated risks
• We may use more sophisticated language when communicating with you. However, we’ll always communicate in a clear, fair and not misleading way