Margin and Leverage Rules
Main Changes Introduced
Maximum Leverage Limits
Maximum leverage limit on the opening of a position is set to be 30:1 for major currency pairs and less for other asset classes.
50% Margin Close-out
50% margin close-out rule on per account basis.
Guaranteed Limit on Losses for NBP
Negative balance protection to provide a guaranteed limit on client losses on a per account basis.
Prohibition of Benefits
Prohibiting the direct or indirect provision of monetary or non-monetary benefits.
Prohibition of Binary Options
Prohibiting the marketing, distribution or sale of binary options.
Standardized Risk Warning
Standardized risk warning, including figures relating to the respective CFD provider, on the percentage of Retail Client accounts that have lost money.
Criteria to meet in order
to be classified as a Professional Client
You need to meet two of the below three criteria to be able to request to be classified as a Professional Client:
Carried out transactions, in significant size, on the relevant market at an average frequency of 10 transactions per quarter over the previous four quarters.
The size of your financial instrument portfolio, defined as including cash deposits and financial instruments, exceeds EUR 500,000.
You are working or have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services..
Information you may need to provide:
Bank, Broker or investment portfolio statement or letter from a notary confirming net worth.
Proof confirming work experience in the financial sector.
Trade statement from another broker/financial institution.