Professional Spread Betting and CFD Status

Support: +44 (0) 203 301 0483 |
Financial Spreads: Spread Betting and CFD Trading
Professional Spread Betting and CFD Status

Professional Spread Betting and CFD Status

How do I qualify to be a Professional Client with Financial Spreads?

For us to consider your application we will require some further information from you to help us decide whether you fulfil the criteria appropriate to become an Elective Professional Client.

Under the Markets in Financial Instruments Directive (MIFID II), we may treat you as an Elective Professional Client if, after our assessment of your expertise, experience, and knowledge of you, we are reasonably assured that, in light of the nature of the transactions or services envisaged, you are capable of making your own investment decisions and understanding the risks involved. This is known as the "qualitative test".

In making our assessment we may rely on information we already possess about you and/or request additional information from you.

We may also call you to discuss your investment experience.

† Financial instruments include shares, derivatives (only cash deposits made to fund/profits realised from investing in derivatives), debt instruments and cash deposits. It does not include property portfolios, direct commodity ownership or notional values of leveraged instruments.   In addition to this qualitative test, you must satisfy at least 2 of the following 3 criteria:

Protections you keep as a Professional Client

  • Segregation of your money

    We will continue to hold your money, in accordance with the FCA's client money rules, in our segregated client money accounts at Barclays Bank.

  • Financial Services Compensation Scheme

    As a registered individual, you are usually eligible for deposit protection through the Financial Services Compensation Scheme for up to £50,000 that you hold in your account with us. Also see

  • Financial Ombudsman Service

    As an individual, you are usually able to use the Financial Ombudsman Service in the event you are not satisfied with the outcome of a complaint you have made to us. Also see

  • Right to request a different categorisation

    If, at any time, you wish to return to a retail client categorisation, you retain your right to do so and can contact us to request this action be taken.

Protections you lose by moving to a Professional Client

  • Leverage restrictions

    We will be required to restrict leverage to between 2:1 and 30:1 on the products we offer to retail clients. Higher leverage can work against investors and amplify losses.

  • Negative balance protection

    Retail clients will benefit from the negative balance protection being introduced in the near future. This means that a retail client can never lose more than they have deposited. Negative balance protection will not be available to professional clients.

  • Disclosures

    You may not be given any of the additional disclosures required to be provided to retail clients (for example on costs, commissions, fees and charges and foreign exchange conversion rates).

  • Appropriateness

    Where we assess whether a product or service is appropriate for you, we can assume that you have the necessary level of experience and knowledge to understand the risks involved in relation to any investment, service, product or transaction.

  • Order execution

    Our order execution requirements differ between Professional and Retail clients.

  • Prompt execution

    We do not need to inform you of material difficulties we may have or encounter relevant to the prompt execution of your orders.

  • Risk warnings

    We will not be required to provide you with the current risk warnings or any standardised risk warning that is introduced by ESMA in relation to transactions in complex financial products.

Apply to be a Professional Client

Please email and ask to become a professional client:

Contact Customer Support

+44 (0) 203 301 0483

Also see:
73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Spread betting & CFDs trading are complex instruments & come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading these products with this provider. You should consider whether you understand how these products work & whether you can afford to take the high risk of losing your money. Click here to see the risk warning notice.