How to open Professional Trader account of FXCM? Table of Contents

A Professional Environment for Professional Traders

Professional traders can open a professional account with FXCM upon request.

If you are able to answer yes to two or more of the following points, you may be eligible:

  1. Have you traded leveraged derivatives for significant volumes in the past four quarters?
  2. Do you have a portfolio of financial instruments exceeding EUR 500,000?
  3. Have you worked in the financial sector, in a professional position that requires knowledge of derivatives trading, for at least a year?

In addition to the above criteria, to qualify as a professional client, you need to have the skills, experience, and knowledge you need to be able to make your own investment decisions.

Go to FXCM Official Website

What you should know about the “Professional” status

You should be aware that professional clients waive certain regulatory protections currently offered to retail clients under the rules of the Cyprus Securities and Exchange Commission (“CySEC”). These include but are not limited to the following:

Negative Balance Protection
You are responsible for ensuring that your account does not have a negative balance. If so, you will need to make additional payments to bring your balance back above zero, which means your losses may exceed your deposits.
Leverage Limits
FXCM is required to limit leverage on various products offered to retail clients to comply with CySEC requirements. These restrictions do not apply to professional clients and higher leverage can act against investors and amplify losses.
Risk Warnings
FXCM will not be required to provide the current risk warnings we provide to retail clients in connection with transactions in complex financial instruments.
Compensation
Certain categories of professional clients are not eligible for compensation under the Investor Compensation Fund.
Financial Ombudsman
The services of the Financial Ombudsman in Cyprus may not be available to professional clients.

Please make sure you have read and understood the Client Classification Notice as it contains important information regarding classification differences and protections offered at each level.