What do I need to know?
You need to be aware that professional clients forgo certain regulatory protections that are currently offered to Retail Clients under the Financial Conduct Authority ("FCA") rules. These include but are not limited to the following:
Negative Balance Protection: You are responsible for ensuring that your account does not fall into a negative balance. If it does, you will need to make additional payments to bring your balance back above zero – meaning that your losses can exceed your deposits.
Leverage limits: FXCM is required to limit leverage on different products offered to retail clients to comply with the Financial Conduct Authority ("FCA") requirements. These restrictions do not apply to professional clients and higher leverage can work against investors and amplify losses.
Risk Warnings: FXCM will not be required to provide you the current risk warnings we provide to retail clients in relation to transactions in complex financial instruments.
Please ensure that you read and understand the Client Categorisation Notice as it contains important information regarding the differences in classification and the protections afforded to each level.