Professional Trader eligibility
- Have you made an average of 10 significantly sized transactions per quarter over the last four quarters?
- Do you currently have a financial portfolio, including cash deposits exceeding €500.000?
- Have you worked in a professional capacity in the financial sector that has required knowledge of trading leveraged products for at least 1+ year(s)?
You have traded, in significant size, in the forex/CFD markets or other leveraged products (e.g. indices, shares, spread bets, futures, options, other derivatives etc.) at an average frequency of 10 transactions per quarter over the previous four quarters (with FOREX.com and/or other providers).
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.
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 portfolio, 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.
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.