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Always trade with you, never against youACCOUNT TYPES
ACCOUNT DETAILS
 Retail Account   | Professional Account | |
|---|---|---|
| Minimum deposit | £500 | X |
| Spread From | 1.3 | 0.8 |
| Standard Lot Size (Units) | 100,000 | 100,000 |
| Minimum Lot Size | 0.01 | 0.01 |
| Minimum Investment Size (Units) | 1000 | 1000 |
| Account Base Currency | GBP, EUR, USD | GBP, EUR, USD |
| Leverage | Between 2:1 and 30:1 depending on the instrument (See Contract Specifications) | Up to 400:1 depending on the instrument (See Contract Specifications) |
| Margin Close Out Rule | 50% of required margin | 20% of required margin |
| Negative Balance Protection | V | X |
| Continued eligibility to the (UK) Financial Services Compensation Scheme (FSCS) | V | V |
| Continued segregation of your funds | V | X |
Note: If we have any questions regarding any of the 4 Steps 1 to 4 above, we may ask for more detailed information.
Retail Account | |
|---|---|
| Minimum deposit | £500 |
| Spread From | 1.3 |
| Standard Lot Size (Units) | 100,000 |
| Minimum Lot Size | 0.01 |
| Minimum Investment Size (Units) | 1000 |
| Account Base Currency | GBP, EUR, USD |
| Leverage | Between 2:1 and 30:1 depending on the instrument (See Contract Specifications) |
| Margin Close Out Rule | 50% of required margin |
| Negative Balance Protection | V |
| Continued eligibility to the (UK) Financial Services Compensation Scheme (FSCS) | V |
| Continued segregation of your funds | V |
Professional Account | |
|---|---|
| Minimum deposit | X |
| Spread From | 0.8 |
| Standard Lot Size (Units) | 100,000 |
| Minimum Lot Size | 0.01 |
| Minimum Investment Size (Units) | 1000 |
| Account Base Currency | GBP, EUR, USD |
| Leverage | Up to 400:1 depending on the instrument (See Contract Specifications) |
| Margin Close Out Rule | 20% of required margin |
| Negative Balance Protection | X |
| Continued eligibility to the (UK) Financial Services Compensation Scheme (FSCS) | V |
| Continued segregation of your funds | X |
Note: If we have any questions regarding any of the 4 Steps 1 to 4 above, we may ask for more detailed information.
Check your eligibility to become a Professional Trader
Trading volume: Made an average of 10 significantly sized transactions per quarter over the last four quarters
Portfolio: Have a financial instrument portfolio, including cash deposits, exceeding €500,000
Experience: Worked in a professional position in the financial sector requiring knowledge of trading leveraged products for at least 1+ year(s)
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.
* Professional clients can incur losses that exceed deposits
We are not obliged to offer the following to Professional Clients but have elected to continue doing so:
- The detail of Trade Confirmations remain unchanged and are sent by the end of the first business day following the execution of the trade, or earlier.
- Key Information Documents remain available to you.
You will waive some FCA protections:
- Margin and Leverage Limits remain unchanged despite the changes that ESMA introduce for retail clients.
- Mandatory changes to product features which protect retail clients will not be mandatory for you. (e.g. negative balance protection and margin close out levels).
- We will assume you have the relevant knowledge and experience levels to understand the risks in trading leveraged products.
- We may use more sophisticated language when dealing with you as a Professional Client than we do with our retail clients.
Remain eligible for the Financial Services Compensation Scheme if you are a natural person.
Retain the rights to complain to the Financial Ombudsman Service when trading in a personal capacity.
* Professional clients can incur losses that exceed deposits
Margin and leverage
| Retail Trader | Professional Trader | |
|---|---|---|
| Major FX | 3.33% (30:1) | 0.25% (400:1) |
| Non major FX, Major Indices, Metals | 5% (20:1) | 0.25% (400:1) |
| Commodities | 10% (10:1) | 0.5% (200:1) |
| Shares | 20% (5:1) | 3% (33:1)) |
| Cryptocurrencies | 50% (2:1) | 5% (20:1) |
* Professional clients can incur losses that exceed deposits
Required Documents for accounts based in low risk jurisdictions
- Passport or government-issued ID (copies of both front and back).
- Proof of residential address (utility bills dated within the last 3 months).
- Passport or government-issued ID (copies of both front and back).
- Proof of residential address (utility bills dated within the last 3 months).
- The Second Passport or government-issued ID (copies of both front and back).
- The Second Proof of residential address (utility bills dated within the last 3 months).
- Certificate of Registration (copy)
- Proof of company address (official corporate bills dated within the last 3 months)
- Register of directors and shareholders with greater-than-10% holding and other PSC’s (person with significant control).
- Certified passport or certified government-issued ID, and proof of residential address for each of the people listed in point 3.
- LEI (Legal Entity Identifier)
- In the case of a Trust, please also upload a certified copy of the trust deed.
- If a Trust and a Trust deed has been supplied, we may well require further identification on the Executor and Trustees of the Trust.
All applications will be reviewed on a case by case basis by Compliance.