Elective professional protections

Industry-wide regulations have been introduced and are designed to protect less-experienced traders. However, if you’d like to waive these protections and trade with greater flexibility, you can apply for elective professional status.

Please read the following information carefully and note the protections you’ll waive as a professional.

Protections you’ll keep

• As an individual, you are eligible for protection from the Guarantee Fund for up to EUR 100,000 for cash deposits that you hold with us. Cash deposits are calculated as the net free deposit after deduction of any debt to the bank
• You should be eligible to use the Complaint Board of Banking Services as long as you are a natural person acting for the purposes outside of your trade, business, or profession. You should contact them directly if you are unsure whether their services will apply to you
• We must take all reasonable steps to obtain the best possible results for clients when executing orders or when placing orders with, or transmitting to, a third party
• You retain the right to request a different categorization – for example, if you wish to be afforded a higher level of regulatory protection

Protections you’ll waive

• Leverage restrictions applicable to retail clients do not apply to professionals. But remember, with increased leverage comes increased risk
• You will not have negative balance protection. Should your account fall into a negative balance, you will be obliged to make additional payments – meaning losses can exceed deposits
• As you understand the risks associated with trading complex financial products, we will not impose product restrictions upon you
• We may not provide you with any standardized risk warnings as you already understand the associated risks
• We may use more sophisticated language when communicating with you. However, we’ll always communicate in a clear, fair and not misleading way