Product Range Pro account Max Leverage Retail account Max Leverage Additional margin required on a retail account
Indices 200:1 20:1 10x
FX 200:1 30:1 7x
Gold 200:1 20:1 10x
Oil 200:1 10:1 20x
Shares 13:1 5:1 3x
Cryptocurrencies 2.5:1 N/A N/A

How do I qualify to be a Professional Client with Core Spreads?

For us to consider your application we will require some further information from you to help us decide whether you fulfil the criteria appropriate to become an Elective Professional Client.

Under the Markets in Financial Instruments Directive (MIFID II), we may treat you as an Elective Professional Client if, after our assessment of your expertise, experience and knowledge of you as a client, we are reasonably assured that, in light of the nature of the transactions or services envisaged, you are capable of making your own investment decisions and understanding of the risks involved. This is known as the “qualitative test”.

In making our assessment we may rely on information we already possess about you and/or request additional information from you. We may also call you to discuss your investment experience.

In addition to this qualitative test, you must satisfy at least 2 of the following 3 criteria:

 

  1. 1

    You have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters.

  2. 2

    The size of your financial instrument* portfolio, defined as including cash deposits AND financial instruments, exceeds EUR 500,000.

  3. 3

    You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transaction or services envisaged.

*Financial instruments include shares, derivatives (only cash deposits made to fund/profits realised from investing in derivatives), debt instruments and cash deposits. It does not include property portfolios, direct commodity ownership or notional values of leveraged instruments.

 

Protections you keep as a Professional Client

Segregation of your money

We will continue to hold your money, in accordance with the FCA’s client money rules, in our segregated client money accounts at Barclays Bank.

Financial Services Compensation Scheme

As a registered individual, you are usually eligible for deposit protection through the Financial Services Compensation Scheme for up to £50,000 that you hold in your account with us.
protected.fscs.org.uk

Financial Ombudsman Service

As an individual, you are usually able to use the Financial Ombudsman Service in the event you are not satisfied with the outcome of a complaint you have made to us.
www.financial-ombudsman.org.uk

Right to request a different categorisation

If, at any time, you wish to return to a retail client categorisation, you retain your right to do so and can contact us to request this action be taken.

Protections you lose by moving to a Professional Client

Leverage restrictions

We will be required to restrict leverage to between 2:1 and 30:1 on the products we offer to retail clients. Higher leverage can work against investors and amplify losses.

Negative balance protection

Retail clients will benefit from the negative balance protection being introduced in the near future. This means that a retail client can never lose more than they have deposited. Negative balance protection will not be available to professional clients.

Disclosures

You may not be given any of the additional disclosures required to be provided to retail clients (for example on costs, commissions, fees and charges and foreign exchange conversion rates).

Appropriateness

Where we assess whether a product or service is appropriate for you, we can assume that you have the necessary level of experience and knowledge to understand the risks involved in relation to any investment, service, product or transaction.

Order execution

Our order execution requirements differ between Professional and Retail clients.

Prompt execution

We do not need to inform you of material difficulties we may have or encounter relevant to the prompt execution of your orders.

Risk warnings

We will not be required to provide you with the current risk warnings or any standardised risk warning that is introduced by ESMA in relation to transactions in complex financial products.

Core Spreads

Core Spreads is financial trading as it should be. No noise – just tight spreads on thousands of markets..

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