expand/collapse risk warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

75% of retail investor accounts lose money when trading CFDs with this provider.

Regulator:

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CySEC

Skilling Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF license No. 357/18

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FSA

Skilling (Seychelles) Ltd, is authorized and regulated by the Financial Services Authority (FSA) under license No. SD042

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Become an Elective Professional Client with Skilling

You can become an Elective Professional Client with us, as long as you meet 2 out of these 3 eligibility requirements and waive regulatory restrictions that are in place to protect inexperienced traders.

1. 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 documents:
Recent account statements issued by a credit or financial institution showing your cash savings, stock portfolio, stocks and shares ISA, trading accounts, mutual funds, SIPP (excluding non-financial instruments).

Unacceptable documents:
Company pension, non-tradable assets, property, luxury cars, jewellery etc.

2. Trade size & volume

You have traded in significant size* in the Forex / CFD markets or in 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).

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

  • Acceptable documents:
    Recent account statements issued by a credit or financial institution showing your trade size and volume in leveraged financial assets.
  • Unacceptable documents:
    Account statements indicating transactions in bonds, physical bitcoin (ETN), physical commodities (WisdomTree Copper ETC), etc.

3. Professional experience in the financial sector

You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of trading transactions or services. We may ask you for details of your role and how it has provided you with sufficient knowledge and experience in the industry, and may also require you to provide evidence of this.

Acceptable documents:

Recently issued letter of character by another credit institution or financial institution showing that you have worked with financial services firms and/or you have professional experience

Unacceptable documents:

A reference letter or résumé (Curriculum vitæ) without supporting documents.

Professional Client margin rates

By becoming an Elective Professional Client you are able to trade with greater flexibility. However, you also waive protections, put in place by regulations, which are designed to protect inexperienced traders.

Asset Class Skilling Professional Clients Skilling Retail Clients
FX (majors) 0.5 % 1:200 3.33 % 1:30
FX (minors) 1.0 % 1:100 5.0 % 1:20
Index (majors) 0.5 % 1:100 5.0 % 1:20
Gold 1.0 % 1:100 5.0 % 1:20
Stocks 10.0 % 1:10 20.0 % 1:5
Commodities 2.0 % 1:50 10.0 % 1:10

What you need to understand about the protections that you waive:

  • Leverage restrictions applicable for Retail Clients do not apply to Professional Clients, however, please note that higher leverage may increase losses.
  • Negative Balance Protection (NBP) is not applicable to your Professional Client Account. This feature protects Retail Clients from losing more money than they deposit into their trading account.
  • Standardised risk warnings related to trading complex financial products designed for Retail Clients is not applicable to your Professional Client Account.
  • Professional client is not eligible for compensation under the Investor Compensation Fund Scheme (ICF).
  • Transaction costs and charges may vary for Professional Clients as it is for Retail Clients.

How to apply for Elective Professional Client status:

  • Signing SVG

    Create an account

    Open an account as a retail Skilling client.

  • Cards SVG

    Complete the form

    Download and complete the form at this link

  • Rocket SVG

    Send

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

Important notice

This page/website is not directed to EU clients and falls outside the European regulatory framework and is not in the scope of (among others) the Markets in Financial Instruments Directive (MiFID) II.
By continuing you acknowledge to view the content provided by Skilling (Seychelles) Limited, which is authorised and regulated by Seychelles Financial Supervisory Authority, and that your decision was made independently and at your exclusive initiative and no solicitation or recommendation has been made by Skilling or any other entity within the group.

Continue

Important notice

This page/website is not directed to EU clients and falls outside the European regulatory framework and is not in the scope of (among others) the Markets in Financial Instruments Directive (MiFID) II.
By continuing you acknowledge to view the content provided by Skilling (Seychelles) Limited, which is authorised and regulated by Seychelles Financial Supervisory Authority, and that your decision was made independently and at your exclusive initiative and no solicitation or recommendation has been made by Skilling or any other entity within the group.

Continue