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:
- You have carried out transactions, in significant size, e.g. on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters.
- The size of your financial instrument† portfolio, defined as including cash deposits AND financial instruments, exceeds €500,000.
- You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transaction or services envisaged.
Apply to be a Professional Client
Please email email@example.com
and ask to become a professional client: