Professional Clients. If you are classified as a Professional Client, the Company is entitled under the Applicable Laws and Regulations to assume that you have the necessary experience and knowledge in order to understand the risks involved in relation to the Services or Transactions or types of Transactions or CFDs, and to make your own evaluation of the merits and risks of any Transaction you enter into. This is due to the fact that Professional Clients possess the experience, knowledge and expertise to make their own investment decisions and properly assess the risks incurred.
Professional Clients a category that includes all of the entities that fall within the ‘Eligible Counterparty’ category referred to above (such as investment firms, credit institutions, insurance companies, undertakings for the collective investment of transferable securities (UCITS), pension funds and national governments), plus a handful of others, such as ‘institutional investors whose main activity is to invest in financial instruments’ and exceptionally some individuals who may be treated as professionals on request; Professional Clients are deemed to have more investment knowledge and experience and are provided with less protection under XxXXX XX, since they are assumed to have sufficient knowledge of the markets and financial instruments to be able to take their own investment decisions and to understand and take on the concomitant risks;
Professional Clients. Professional Clients are able to trade with higher leverage. The Company offers Professional Clients the option to select a higher leverage ratio, based on the underlying instruments and the Company’s Leverage Policy. In order to be categorized as Professional, the client must meet at least 2 out of 3 below criteria:
Professional Clients. Where orders are executed on behalf of a professional client a range of factors may be considered in determining best execution.
i. A company's execution policy should determine the relative importance of each of the execution factors or establish a process by which the company will determine the relative importance of the execution factors.
ii. The relative importance that the company gives to those execution factors must be designed to obtain the best possible result for the execution of its professional clients’ orders. The characteristics of the client (including the categorisation of the client as retail or professional) will have a bearing on the company’s determination of the various factors’ relative importance.
iii. Ordinarily, the regulators would expect that price will merit a high relative importance in obtaining the best possible result for professional clients. However, in some circumstances for some professional clients, orders, financial instruments or markets, the policy may appropriately determine that other execution factors are more important than price in obtaining the best possible execution result. For further information, please visit xxx.xxxxx.xxx.xx.
Professional Clients. For the purposes of the Investment Services and Activities & Regulated Markets Law of the Republic of Cyprus, the following entities are regarded as professional clients in all investment services and activities and financial instruments:
(i) Entities which are required to be authorized or regulated to operate in the financial markets, including organizations such as Credit institutions, Investment firms, other authorized or regulated financial institutions, Insurance Companies, Collective Investment Schemes and their management companies, pension funds and their management companies; commodity and commodity derivative dealers, locals, other institutional investors; or
(ii) A market participant which meets two of the three following requirement:
a. Its balance sheet is equal to or exceeds €20,000,000;
b. Its net turnover is equal to or exceeds €40,000,000; or
c. Its own funds equals to or exceeds €2,000,000.
(iii) Clients who meet the requirements of knowledge and experience in trading in complex financial instruments and request that they are treated as Professional Clients. Such a request by a client for classification as an Professional Client will generally be positively considered if two of the following three criteria are satisfied:
a. The client has carried out transactions on the relevant market at an average frequency of 10 per quarter over the previous four quarters;
b. The size of the client’s financial instrument portfolio defined as including cash deposits and financial instruments exceeds €500,000;
c. The client works or has worked in the financial sector for at least one year in a professional position which requires knowledge of the transactions or services envisaged. We reserve the right to request independent documentary evidence to support the above criteria. We will not permit the elective classification to a Professional Client if the above are not met. A Professional client has the right to request to be classified as Retail client in order to obtain a higher level of regulatory protection. It is the responsibility of the client, to request a higher level of protection when they deem it challenging to properly assess or manage the risks involved in trading in complex financial instruments. The highest level of protection will be provided to a client who, although is considered to be eligible to be treated as a Professional, following the client’s request, we agree in writing that he can be treated as a Retail client. Such agreement wi...
Professional Clients. Clients who possesses the experience, knowledge and expertise to make their own investment decisions and properly assess the risks that they incur. It includes all entities that fall within the Eligible Counterparty category.
Professional Clients. Professional clients, whether per se or eligible, are able to trade with higher leverage. Specifically, the Company offers Professional clients the option to select higher leverage ratio of 1:100, 1:200 or 1:300 based on the underlying instrument and our Leverage and Margin Policy. We note that Maltese Professional clients are restricted to a maximum of 1:100 leverage ratio according to their local regulation.
Professional Clients. The following additional provisions shall apply to a Client that is a professional client, the Firm shall: i) act in accordance with the best interests of the Client; ii) provide certain information before providing the Services; iii) not give or receive inducements; iv) achieve best execution in respect of Client orders; v) execute orders subject to constraints regarding timing and handling relative to the Orders of other clients; vi) ensure that information provided is fair, clear and not misleading ; and vii) provide certain information to Clients regarding Orders.
Professional Clients. Professional client is a client who possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs. In order to be considered a professional client, the client must fall within the following categories of clientss
Professional Clients. Under Section 3.5 of the FCA rules, the following entities are regarded as “per se” professional clients in all investment services and activities and financial instruments:
(i) entities which are required to be authorised or regulated to operate in the financial markets, including organisations such as credit institutions, investment firms, other authorised or regulated financial institutions, insurance companies, collective investment schemes and their management companies, pension funds and their management companies; commodity and commodity derivative dealers, local authorities, any other institutional investors; or
(ii) for MiFID or equivalent third country business, a large undertaking which meets two of the three following size requirements on a company basis:
a. a balance sheet is equal to or exceeds EUR 20,000,000;
b. a net turnover is equal to or exceeds EUR 40,000,000; or
c. own funds equal to or exceeds EUR 2,000,000; or
(iii) in relation to business that is not MiFID or equivalent third country business, a large undertaking meeting any of the following conditions;
a. a body corporate (including a limited liability partnership which has (or any of whose holding companies or subsidiaries has) (or has had at any time during the previous two years) called up share capital or net assets of at least £5 million (or currency equivalent at the relevant time);
b. an undertaking that meets (or any of whose holding companies or subsidiaries meets) two of the following tests: i. a balance sheet total of EUR 12,500,000;
iii. an average number of employees during the year of 250;
c. a partnership or unincorporated association which has (or has had at any time during the previous two years) net assets of at least £5 million (or currency equivalent at the relevant time) and calculated in the case of a limited partnership without deducting loans owing to any of the partners;
d. a trustee of a trust (other than an occupational pension scheme, SSAS, personal pension scheme or stakeholder pension scheme) which has (or has had at any time during the previous two years) assets of at least £10 million (or currency equivalent at the relevant time) calculated by aggregating the value of the cash and designated investments forming part of the trust’s assets, but before deducting its liabilities;
e. a trustee of an occupational pension scheme or SSAS, or a trustee or operator of a personal pension scheme or stakeholder pension scheme where the scheme has (or has had at a...
