Clients must satisfy at least 2 of the following 3 criteria and provide evidence:
1-Trading Experience
You have traded CFDs or forex an average of 10 times in each of the last four quarters (in significant size positions. Significant size is 10,000 USD on equity trades (stocks) and 50,000 USD (0.5 lots) for any other instruments). Acceptable documents:
– A trading statement demonstrating 10 trades or more for each quarter for the last 12 months in significant size
2-Savings & Investment Portfolio
You hold liquid assets to the value of €500,000 or more. The definition of liquid assets can be any of the following:
i) cash at the bank
ii) trading portfolio to the same value, whereby the instruments are either equities, bonds, mutual funds, etc. Acceptable documents:
– Bank statement / Fixed Deposits
– Brokerage Statement
– Share certificates
– Statement from a spread betting or CFD account (other than from WB Trade)
– Statement from fund management or hedge fund
3- You work or have worked in the financial sector for at least one year in a position that has given you a knowledge of CFD or foreign exchange trading.
Acceptable documents:
-Evidence of working in the financial services industry for the past 12 months in a position (exposure to Contract for Differences)
– A letter from your employer and an email from your corporate address
– Your name of a regulatory register
– A pay slip for the last 3 months and an email from your corporate address
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.