FXG Professional Client

FXG Professional Client

Professional Trading

Experienced traders who meet the criteria can qualify as professional clients

Check your eligibility and details on waived client protections

All trading involves risk. It is possible to lose all your capital.

The new industry-wide regulations which come into effect on the 1st of August 2018
from the European Securities and Markets Authority (ESMA) are changing
the trading environment for Retail Clients.

Professional Clients, however, are exempt from these changes.

    Check your eligibility to become a Professional Client

    To qualify as a Professional Client, you need to meet at least two of the following three criteria:

    Trading volume

    An average of 10 significantly sized transactions per quarter over the last four quarters.


    A financial instrument portfolio, including cash deposits, exceeding €500,000 or currency equivalent.

    Work Experience

    Worked in the financial sector in a professional position, requiring knowledge of the transactions or services envisaged, for 1+ year(s).

    Professional Clients benefit from the below advantages

    FSCS Protection

    Eligible clients are protected by the Financial Services Compensation Scheme

    Excess of FSCS Insurance cover protection up to £1,000,000 per client

    Flexible Leverage

    Up to 1:500 for professional clients

    Negative Balance Protection

    Protection against market volatility ensuring that your losses do not exceed your total investment in the event of a failed margin call or stop out.

    Financial Ombudsman Service

    Retain the rights to complain to the Financial Ombudsman Service when trading in a personal capacity

Professional Trading

All trading involves risk. It is possible to lose all your capital

Professional Client Status Details

Professional Client Status Details

It is important that you understand exactly how a Professional Client will be treated
differently to a Retail Client should you wish to apply for Professional Client status:

    Unchanged Protections
    We are not obliged to offer the following to Professional Clients but have elected to continue doing so:

    Client money remains segregated from our funds and held in fully segregated accounts with top-tier banks
    Best execution remains unchanged as we owe all our clients a duty of best execution.
    Negative balance protection
    Key Information Document remain available to you
    Waived Protections
    You will waive some FCA protections:

    Margin and Leverage Limits remain unchanged despite the changes that ESMA introduce for retail clients
    We will assume you have the relevant knowledge and experience levels to understand the risks in trading leveraged products.

    Communications We may use more sophisticated language when dealing with you as a Professional Client than we do with our retail clients.

Qualification Criteria in Detail

    In order to qualify to become a Professional Client, you will need to meet at least 2 out of the 3 eligibility criteria outlined by the FCA.
    There will be no change to tax status or any additional cost to change to Professional Client status.

    The criteria are as follows:
    Trade size & Volume

    You have traded, in significant size, in the CFD/forex/spread bet 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.

    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 EUR 500,000 (or equivalent in your local currency).
    Acceptable examples of savings and investments: Cash savings, stock portfolios, 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.

    Professional Experience

    You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.03% 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.
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