- Keep your existing margin rates
- Access a dedicated Client Relationship Manager
- Remain eligible for all loyalty rewards and benefits
In order to qualify to become a Professional Client, minimum of 2 out of the 3 eligibility criteria outlined by the Financial Conduct Authority must be satisfied. There will be no change to tax status or any additional cost to change to Professional Client status.
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.
You have traded, in significant size, in the spread bet/forex/CFD markets or other leveraged products (e.g. indices, shares, spot FX, futures, options, other derivatives etc.) at an average frequency of 10 transactions per quarter over the previous four quarters (with INFINOX Capital Ltd and/or other providers).
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: Shares, Money market instruments, Units in collective investments e.g. unit trusts, UCITS, Cash, ISAs (cash and stocks and shares), CFD and spread betting accounts, Derivative contracts (futures, options, swaps and forwards) relating to securities, currencies, interest rates, financial indices or commodities, SIPPs Unacceptable examples of savings and investments: Managed pensions, Property, Non-liquid assets.
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.
INFINOX will continue to hold your money, in accordance with the FCA’s client money rules, in a segregated client money accounts at Barclays Bank.
As a registered individual, you may be eligible for deposit protection through the Financial Services Compensation Scheme for up to £50,000 that you hold in your account with INFINOX. Please visit the FSCS website for more information.
If, at any time, you wish to return to a retail client categorisation, you retain your right to do so and can contact us to request this action be taken.
As a Professional Client, INFINOX is not obliged to provide you with standardised risk warnings to ensure that you understand the nature of any risks involved in any specific investments or transactions provided by INFINOX. INFINOX will assume that you are in a position to judge the kind and degree of risk attached to the various types of investments associated with your trading activity.
When we communicate with you, we may assume that your level of experience is sufficient to use language that is more complex than with Retail Clients.
We may assume your level of experience when determining if our products and services are suitable for you.
We owe you a duty when executing your orders. As a Professional Client, we may look at other factors when processing trades such as speed and likelihood of execution. For Retail Clients, we are required to prioritise overall cost of the transaction.
If you are an elective Professional Client who is not defined as a ‘consumer’, you will not have access to the Financial Ombudsman Service (FOS).
As a Professional Client, you will not be subject to leverage restrictions imposed on retail clients by ESMA effective as of 1 August 2018. You might be exposed to higher leverage limits that can amplify your losses.
As a Professional Client, you will not benefit from Negative Balance Protection introduced by ESMA for retail clients
The table below provides a comparison of the leverage limits for Professional and Retail Clients
|Leverage Professional Client||Leverage Retail Client|
|Major indicies - 100:1||Major indicies - 20:1|
|Major Currencies - 300:1||Major Currencies - 30:1|
|Commodities: - 100:1||Commodities: - 10:1|
|Cryptocurrencies - 5:1||Cryptocurrencies - 2:1|