How to become a professional client to retain your current margin rates.
The European Securities and Markets Authority (ESMA) announced its decision to implement intervention measures which include restricting leverage available to retail clients to between 30:1 and 2:1, according to the volatility of the underlying asset traded. The ESMA deadline for the implementation of these changes is on 1st of August 2018.
The table below illustrates the impact on leverage afforded to retail vs professional clients. The new ESMA restrictions will not apply to professional clients.
All Clients (Max Leverage)
|Leverage ESMA (effective from 1 August 2018)
Retail Clients Only (Max Leverage)
| Currency pairs (Majors)
(such as EURUSD, USDJPY, GBPUSD, EURJPY)
(such as DAX, S&P 500, Dow Jones)
Check your eligibility to become a Professional Client:
To qualify as a Professional Client, you need to meet 2 of these three criteria below:
Trade size & volume:
Size of portfolio:
How to keep your current margin options by applying for Professional Client status today.
How to apply for Professional Status
|1.CHECK YOUR ELIGIBILITY
To qualify, meet the professional client eligibility criteria.
|2.COMPLETE YOUR APPLICATION
Apply quickly and easily with our simple online application form.
|3.BECOME A PROFESSIONAL
Once approved, retain current margin rates.
Please read the following information carefully and apply for professional client status below:
We are not obliged to offer the following to Professional Clients but have elected to continue doing so:
As a professional client, you will lose the following protections:
*Significant size trades are classified as having concluded transactions with an equivalent value of Eur25,000 per transaction in the case of non-leveraged transactions (equities) or a nominal value of Eur100,000 per transaction on forex, bonds and commodities, Eur50,000 on indices, Eur10,000 on single stock CFDs in the case of leveraged transactions.
**(Acceptable examples of savings and investments: Cash savings, stock portfolio, stocks and shares ISA, trading accounts, mutual funds, SIPP (excluding non-financial instruments). Unacceptable examples of savings and investments: Company pension, non-tradeable assets, property, luxury cars, jewellery.)