Trade size & volumeYou have traded, in significant size, in the spread bet/forex/CFD markets or other leveraged products (e.g. indices, shares, spot FX, futures, options, other derivatives etc.) at an average frequency of 10 transactions per quarter over the previous four quarters (with City Index and/or other providers).
Size of portfolio
The size of your financial instrument portfolio, defined as including cash deposits and financial instruments, exceeds €500,000 (or equivalent in your local currency).
Acceptable examples of savings and investments: Cash savings, stock portfolio, stocks and shares ISA, trading accounts, mutual funds, SIPP (excluding non-financial instruments).
Unacceptable examples of savings and investments: Company pension, non-tradeable assets, property, luxury cars, jewellery.
Professional experienceYou work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged.
Frequently asked questions
What are the requirements of a professional trader?
To qualify as a professional trader, you must meet two of the following three criteria:
- To have made an average of at least 10 significantly sized transactions per quarter for the last four quarters
- To currently have a financial portfolio in excess of £500,000 (including cash deposits)
- To have worked in a professional capacity in the financial sector for 1+ years – the role must have required knowledge of leveraged trading products
Before you consider trading professionally, we’d recommend ensuring that you have strong experience of the markets, a track record of success, enough time to dedicate to trading and a clear plan. A professional trading account gives you access to higher leverage and flexible margins but doesn’t feature all of the protections that come with a standard account – including negative balance protection.
What are the features of a City Index professional account?
The features of a City Index professional account include margin rates from 0.25%, monthly cash rebates, market execution support, interest-free credit facilities, a dedicated relationship manager and unique fee structures. If you’re eligible, you can open your Pro account here.
What if I am not eligible to become a professional trader?
If you’re not eligible to become a professional trader, you can still trade with a standard City Index account. You’ll get access to a huge range of tools to help you conquer the markets, including:
- Award-winning trading platforms
- Performance Analytics
- SMART Signals
- Advanced charts from TradingView
- Expert market analysis
- Fast trade executions
Don’t have an account yet? Open your trading account here.