Professional Status - Skilling™ - Online Forex and CFD Trading

Qualify for Elective Professional status

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

You have traded, in significant size, in the Forex/CFD markets or other leveraged products (e.g. indices, shares, spot FX, futures, options, other derivatives etc.) at an average frequency of 10 transactions per quarter over the previous four quarters (with Skilling and/or other providers).

Significant sized trades are classified as having a notional value of €10,000 for equities and €50,000 for forex, indices and commodities or equivalent in local currency.

Size of portfolio

The size of your financial instrument portfolio, defined as including cash deposits and financial instruments, exceeds €500,000 (or equivalent in your local currency).

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-tradable assets, property, luxury cars, jewellery.

You worked in the financial sector

Acceptable documents: Reference Letter, CV We may 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.

Higher Leverage

Qualify as an elective professional client to take advantage of lower margin rates and waive protections designed for retail clients

	Retail Clients		Elective Professional Clients
Asset Class	New Maximum Leverage	Initial Margin Requirement	New Maximum Leverage	Initial Margin Requirement
Major FX Pairs	1:30	3.33%	1:200	0.5%
Non-major FX Pairs	1:20	5%	1:100	1%
Gold	1:20	5%	1:100	1%
Major Indices	1:10	10%	1:200	0.5%
Non-major Indices	1:10	10%	1:50	2%
Commodities	1:10	10%	1:50	2%
Stocks	1:5	20%	1:10	10%
Cryptocurrencies	1:2	50%	1:2	50%

Dynamic leverage

The Dynamic leverage model may apply to “Elective Professional Clients”. More information may be found in our Leverage policy, on our website, here.

* For more information regarding the maximum leverages per symbol, please visit the section ‘Instruments and Account Information’, on our website, here.

Protections you’ll waive

Leverage restrictions applicable to retail clients do not apply to professional clients. Please note: with higher leverage comes higher risk
Negative balance protection does not apply for professional clients
Provision of significant investor protection arising from the marketing, distribution of sale of CFDs, may not apply
Compensation under ICF is not applicable with respect to professional clients
Professional clients have the right to request to be classified as retail clients in order to obtain higher level of protection. We are not obliged to deal with the client on this basis unless the client requests higher protection

PROFESSIONAL ACCOUNT

Apply for professional status

Open an account

Open an account, unless you already have one, and complete the account verification.

Complete the form

Download and complete this form.

Send it

Send the form and the supporting documentation to [email protected]

CySEC

FSA