APPROPRIATENESS TEST AND ELIGIBILITY OF CLIENTS TO TRADE CFD LEVEREGED PRODUCTS Sample Clauses

APPROPRIATENESS TEST AND ELIGIBILITY OF CLIENTS TO TRADE CFD LEVEREGED PRODUCTS. As per the Company’s Product Governance policy, in order to classify clients’ experience in trading in complex financial instruments like CFDs, each client needs to complete the Company’s appropriateness test by answering an online questionnaire. According to client’s answers on the aforesaid questionnaire, the Company can identify his knowledge and experience and therefore can provide the suitable leverage ratio for each client separately, and as per the latest guidelines of European Securities and Markets Authority (ESMA) dated on 1st of August 2018 as below: The new measures have changed the existing settings of retail clients’ accounts regarding margin and leverage, as follows:
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APPROPRIATENESS TEST AND ELIGIBILITY OF CLIENTS TO TRADE CFD LEVEREGED PRODUCTS. As per the Company’s Product Governance policy, in order to classify clients’ experience in trading in complex financial instruments like CFDs, each client needs to complete the Company’s appropriateness test by answering an online questionnaire. According to client’s answers on the aforesaid questionnaire, the Company can identify his knowledge and experience and therefore can provide the suitable leverage ratio for each client separately, and as per the latest guidelines of European Securities and Markets Authority (ESMA) dated on 1st of August 2018 as below: The new measures have changed the existing settings of retail clients’ accounts regarding margin and leverage, as follows: • 30:1 for major currency pairs • 20:1 for non-major currency pairs, gold and major indices • 10:1 for commodities other than gold and non-major equity indices; • 5:1 for individual equities and other reference values;

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