As part of your reclassification process, you will need to prove that the size of your portfolio is valued at 500,000 EUR or more. If your portfolio is diverse and spreads among several brokerages, you will be asked to provide supporting documentation on your portfolio size.
Trade Volume and Size
The threshold for achieving professional status is having carried out 10 trades of a relevant product in significant volumes, per quarter over the past year. Trades completed with other brokers are valid and count towards professional status if appropriate documentation is provided.
In becoming a Professional Trader, you will be asked to provide evidence for your previous roles in the financial sector. You will need a minimum of one-year experience in a professional position, that has granted you adequate knowledge and understanding of the relevant products.
To Open a Professional Trading Account
Please keep in mind that as a professional trader you will be granted fewer legal protections than you would as a retail trader.
CFDs’ Leverage: Easier Leverage restrictions apply for professional traders. But keep in mind: with greater leverage comes greater risk.
Disclosures: As a broker, we will talk in a more advanced language with our professional clients. However, we will always keep things honest, clear, and fair.
Knowledge & Experience: We take your level of knowledge and experience into account when deciding which product is appropriate for you.
Investor Compensation Fund: As opposed to our retail clients, compensation under the ICF for clients of Cypriot Investment Firms will not be available to you.
Other protections, such as: Best Execution, Trade Confirmations, and availability of Key Information Documents, which we view as essential to provide you with the optimal trading experience, will remain unchanged. For further details, contact [email protected]
Bein Markets is a brand name of Leverate Financial Services Limited which is a Cyprus Limited Company with Company Registration Number HE 290 182 located at 88, Agias Fylaxeos, Zavos City Center, 4th Floor, CY3025, Limassol, Cyprus.
Leverate Financial Services Limited is a Cyprus Investment Firm regulated by the Cyprus Securities and Exchange Commission (CySEC) (License No.160/11) and operates in accordance with Markets in Financial Instruments Directive (MiFID).
Leverate Financial Services Limited currently provides its services on a crossborder basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected third countries. Leverate Financial Services Limited does not provide its services to residents or nationals of the United States. For further information in regards to restricted jurisdictions, please refer to our Terms & Conditions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read LFS’s Risk Warnings and Disclosures | Cookies Policy