Industry-wide regulations have been introduced and are designed to protect less experienced traders. However, if you’d like to waive these protections and trade with greater flexibility, you can apply for elective professional status.
Please read the following information carefully and note the protections you’ll waive as a professional.
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For more information on professional margin rates, please see margin information for professional clients.
Use securities as collateral
As a professional client, you can use a percentage of your shareholdings as
collateral for margin trading. Find more information here.
To qualify for a professional account, you must meet at least two of the following criteria:
- Have a financial portfolio that exceeds €500,000
- Have 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
Trade size and volume
You must have carried out transactions, in significant size, in a relevant product with an average frequency of at least 10 per quarter during the previous four quarters (with FinMarket and/or other providers).
Relevant products include: CFDs / FX (Spot / Forwards / Options); Futures; Options; Leveraged Exchange Traded Products (e.g. Turbos); Warrants, Binary Options, Spread betting.
Significant size is deemed as a minimum notional value of, for example, €100,000 on forex, €50,000 on indices, €10,000 on single stock CFDs.
The average frequency of trades can be at one provider, or a combination of. We will ask you for scanned copies of statements for any trade activity outside of FinMarket.
Size of portfolio
The size of your investment portfolio (held with FinMarket and/or other providers), is defined as including cash deposits and financial instruments, exceeds EUR 500,000.
Acceptable examples of an investment portfolio can include: cash savings, stock portfolio, stocks and shares ISA, trading accounts, mutual funds, SIPP (excluding non-financial instruments).
Unacceptable examples include: company pension, non-tradeable assets, property, luxury cars, jewellery. If a portfolio is held outside of FinMarket, we may ask you for scanned copies of statements from other providers.
You work or have worked in the financial sector for at least one year in a professional position that requires knowledge of relevant products.
We will ask you for details of your role and how it has provided you with sufficient knowledge and experience and may require you to provide evidence of this if necessary.
Create an Account
Create an account in less than five minutes
Login to your Account
Login and click on ‘Become Professional’ tab
Fill in the form and submit