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Are You a Professional Trader?

Elective professional traders can open an FXCM professional account. If you are able to answer yes to two or more of the following you may be eligible:

  • Have you traded leverage derivatives in significant sizes over the last four quarters?
  • Do you have a financial instrument portfolio exceeding EUR 500,000?
  • Have you worked in the financial sector, in a professional position requiring knowledge of derivatives trading, for at least a year?

As a Professional client, you will lose the following protections afforded to Retail Clients under the FCA rules, including but not limited to the following:

  • You will not be eligible to seek the services of the FOS and may not be eligible for compensation under the FSCS.
  • You will be 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.

Please ensure you read and understand the Client Categorisation Notice.

Have questions? Contact an FXCM representative via Live ChatLive Chat (offline), at info@fxcm.co.uk or at 0808 234 8789.