The Preferential Choice for Professional Traders

Protections you waive as a Pro Trader

There are several regulatory requirements in place to protect retail traders. When you switch to a Professional Trader account, you waive those protections and therefore take on more risks.

Take careful note of the protections that do not apply to professional traders:

1. Restrictions on CFDs: Following ESMA’s product intervention measures lapse, national regulators in Europe have issued their own national product intervention measures imposing certain leverage restrictions on CFDs, prohibition of trading incentives, margin close out at an account level at 50% etc. By electing to become a professional client any such protections will not be applicable to you and we will not be required to impose these measures on your account and trading.
2. Disclosures: you will be given fewer information disclosures with regard to TTA, its services, products and financial instruments such as Contracts for Difference (“CFDs”) (for example on costs, commissions, fees and charges, information on risks associated with CFDs) or any other articular product. Also, we might use more sophisticated language when communicating with our professional clients rather than the simple and clear language we are obliged to use with our retail clients.
3. Knowledge and experience: where we assess whether a product or service is appropriate for you, we can assume that you have the necessary level of knowledge and experience to understand the risks involved in it, including for CFDs the risks involved in trading with leverage / margin.
4. Order Execution:: You will still be entitled to receive Best Execution under regulatory requirements. However:
   1. we are not required to prioritize the overall price and costs of the transaction as being the most important factor in achieving Best Execution for you;
   2. we do not need to inform you of material difficulties relevant to the proper carrying out of your order(s) promptly;
   3. should we provide you with periodic statements, we are not required to provide them as frequently or as detailed as for Retail Clients;
5. Safeguarding of funds: As a professional client, your funds will not be safeguarded as clients funds unless otherwise agreed with us.
6. FSCS Investor Compensation: you will not be entitled to compensation under the FSCS Investor Compensation for clients of FCA regulated firms, as available for Retail Clients.