Being classified as a Professional Client means the following will apply:

*Professional Clients are not entitled to ICF² Compensation

The stop level will be 50% on all Psi Markets platforms.

From August 1, 2018, stop levels will be 50%, on all Psi Markets trading platforms, for all clients.

Clients who have open positions and a margin level between 20-50% have the highest probability of reaching stop levels.

For example:

Account currency= USD, account leverage = 1:50
On 07/27/2018, he advances with 1 lot of GOLD for the value of $1,225. The required margin is 2,450 USD ((1*100*1,225)/50) i.e. (Contract Dimensions*Lot Value) / Leverage).
At the end of the day, on 7/27/2018, the account equity is 980USD and therefore the margin level is 40% (= Equity/Margin*100 = 980/2,450*100).

With the current stop level at 20%, the position will remain open as the margin level (40%) is greater than 20%¹.
On 7/30/2018, the stop level is increased to 50%, with the account margin level below 40%, the client would have already been prevented from proceeding (i.e. the position would have closed).
*1.00 Lot = 100.00 Ounces of GOLD

Requirements to become a Professional Trader

You can become a professional client if you submit an order and meet, among others, two of the three criteria mentioned below³:

1. Trade Volume – You opened at least 10 trades per quarter last year, and the size of each trade (volume) was at least $4,000 in Stocks/Crypto and/or $18,500 in Forex/Commodities (with Psi Markets or any other broker).
2. Relevant Experience – You have at least one year of experience working in the financial sector as a professional, which requires knowledge of the CFD market and services.
3. Financial Situation – The size of your portfolio⁴ is equivalent to or greater than EUR 500,000; including cash deposits and financial instruments.

² The purpose of the Investor Compensation Fund (ICF) is to secure Retail Customer disputes through the payment of compensation (up to €20,000) in cases where we undertake our obligations to you if certain conditions are fulfilled. Find out more here.

³ You can decide whether you want to submit an order now or later, or even continue to be treated as a retail customer. Please note that you have the option to revert your status to retail after becoming professional at any time if you wish.

⁴ Financial instruments include shares, cash deposits made to finance or accumulated profits from investments in derivatives, debt instruments and cash deposits. They do not include property, traditional possession of raw materials or the notional value of derivative instruments.

You can read more about ESMA’s product intervention measures here< /a> and in our Customer Classification Policy here.