Professional Traders

WHO IS PROFESSIONAL TRADER?

The European Securities and Markets Authority (ESMA) has adopted new protection measures on contracts for difference (CFDs) to retail traders. The new product intervention measures will apply from the 1st of August 2018 and, among other, consist of restrictions on distribution, leverage limits and margin close out rules.
  
ESMA changes are applicable to retail traders only. Thus, professional traders are treated differently than retail traders. By requesting to become a Professional Client, you are agreeing to waive some of the protections that would normally be afforded to you as a Retail Client. However, you reserve the right to request non-professional treatment at any time and TrioMarkets shall agree to offer you a higher level of protection. You are advised to revert back to retail client status, if at any point you believe that you are unable to properly assess or manage the risks involved with trading. Special terms and conditions apply regarding Portfolio Management.

 

 

Unchanged Protections

 

BEST EXECUTION
BEST EXECUTION

We shall continue to take all reasonable steps to ensure best order execution for our clients, acting fairly, honestly and professionally.

client account
CLIENT ACCOUNT SEGREGATION

We ask Barclay’s to keep our clients’ accounts segregated from other accounts to safeguard our client’s funds.

professional status
PROFESSIONAL STATUS REVERSION

You retain the right to revert your client status back to non-professional in order to receive a greater level of protection, including negative balance protection and coverage by the Investor Compensation Fund (ICF) of up to Euro 20K.

   

Waived Protections

 

leverage
LEVERAGE RESTRICTIONS

Leverage and margin restrictions shall not be applicable to you, should you be able to prove the relevant knowledge and experience and your understanding of the risks associated with trading complex financial products.

negative balance
NEGATIVE BALANCE PROTECTION

Negative balance protection is not offered to professional clients. Should your trading balance fall into negative, you will have to make additional payments, thus suffering losses greater than your deposits.

investor
INVESTOR COMPENSATION FUND

You are no longer covered by the Investor Compensation Fund (ICF). Any application to secure claims arising out of covered services will not be satisfied.

risk warnings
RISK WARNINGS

We are not required to provide you with the risk warnings that are normally mandatory to be provided to retail clients, since you will demonstrate your knowledge and experience and your ability to make informed decisions, bearing your risk.

     
 

If you have decided that you want to become a Professional Client, follow the below steps

1) Check if you fulfil at least two of the below requirements
2) Register for an Account Here
3) State your decision to change your client status from retail to professional in writing by sending an e-mail to: [email protected]
 

     

ELIGIBILITY CRITERIA TO BECOME A PROFESSIONAL TRADER

To qualify for an Elective Professional Client Status you are required to satisfy at least two of the following minimum requirements applied to CFDs:
Investment portfolio, including cash deposits and financial instruments that exceeds 500,000 EUR in value;

1 + year(s) of working experience in the financial sector in a professional role requiring knowledge of trading leveraged products;

Trading volumes of transactions of leveraged products of significant size equal or greater to 10 trades per quarter over the past four quarters, or, 40 trades per year. The volume will be counted towards that goal in a combined forma, concluded from trading in any forex broker.
  
* Significant size: Minimum notional value of at least 100,000 Euros for FX majors, 50,000 for FX minors, major indexes and gold, 10,000 Euros on minor indexes, other commodities and equities.
   
 

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Invest responsibly: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.