Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Close
Live Chat

Am I Eligible to Become a Pro Trader?

IF you can answer YES to at least two of these questions then you could be eligible to trade as a professional trader within the markets.com trading platform.

What if I’m not eligible?

Don’t worry – you can trade as a retail client on the same great platform featuring all the same great tools our pro traders use.

aboutus_accountapplication.png

Answer the questions below

  • The size of your financial instrument portfolio, including cash deposits, exceeds €500,000.
  • You work or have previously worked in the financial sector for at least one year in a professional position.
  • You have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters.
trading_Page_easygoingsupport.png

Professional Trading

As an elective professional you may be eligible to request for a lower spread profile. Additionally, you can take greater advantage of all the markets.com tools, including premium analysis reports and the opportunity to request instruments to be added to the platform. What’s more, every pro trader gets their own personal point of contact, on call whenever you need them.

Professional Trading

Protections you waive as a Pro Trader

There are several regulatory requirements in place to protect retail traders. When you switch to a Professional Trader account, you waive those protections and therefore take on more risks.

There are several regulatory requirements in place to protect retail traders. When you switch to a Professional Trader account, you waive those protections and therefore take on more risks.

Take careful note of the protections that do not apply to professional traders:

  1. Restrictions on CFDs: Following FCA product intervention measures lapse, national regulators in Europe have issued their own national product intervention measures imposing certain leverage restrictions on CFDs, prohibition of trading incentives, margin close out at an account level at 50% etc. By electing to become a professional client any such protections will not be applicable to you and we will not be required to impose these measures on your account and trading.
  2. Disclosures: you will be given fewer information disclosures with regard to Finalto Financial Services Ltd, its services, products and financial instruments such as Contracts for Difference (“CFDs”) (for example on costs, commissions, fees and charges, information on risks associated with CFDs) or any other articular product. Also, we might use more sophisticated language when communicating with our professional clients rather than the simple and clear language we are obliged to use with our retail clients.
  3. Knowledge and experience: where we assess whether a product or service is appropriate for you, we can assume that you have the necessary level of knowledge and experience to understand the risks involved in it, including for CFDs the risks involved in trading with leverage / margin.
  4. Order Execution:: You will still be entitled to receive Best Execution under regulatory requirements. However:
    1. we are not required to prioritize the overall price and costs of the transaction as being the most important factor in achieving Best Execution for you;
    2. we do not need to inform you of material difficulties relevant to the proper carrying out of your order(s) promptly;
    3. should we provide you with periodic statements, we are not required to provide them as frequently or as detailed as for Retail Clients;
  5. Safeguarding of funds: As a professional client, your funds will not be safeguarded as clients funds unless otherwise agreed with us.
  6. Financial Ombudsman Service: Access to the Financial Ombudsman Service (the “FOS”) will not extend to all professional clients (only those that meet the eligibility criteria in the FCA Handbook definition) and may therefore not extend to you. The FOS is an independent service for settling disputes between FCA regulated firms and eligible complainants. If you are not sure whether you will be entitled to refer your complaint to FOS, we suggest you contact FOS directly.
Live Chat