To enjoy all the benefits of Professional status, you will need to meet one of the eligibility criteria below.
Even if you meet these requirements, in some circumstances, we may still choose not to grant your request to be treated as a Professional Trader.
If you answer yes to both requirements under Criteria 1 or yes to either requirement under Criteria 2 below, you could be eligible for an AvaTrade Pro account.
For more information on how to become a Professional client, please do not hesitate to contact your account manager.
*Opening and closing a position is considered as 1 trade. $20,000 notional size for equities and/or $100,000 notional size for Indices, FX or Commodities. Trades must have been placed within the last 5 years.
**Remember to include the following when calculating your net assets:
- Shares, savings and any other investments
- Your home, investment properties and land
- Value of your business
- Superannuation and trusts
- Other assets such as cars, boats and caravans
For Criteria 1, you will need to provide proof for requirements 1 and 2.
For requirement 1:
-
Recent account statements in pdf from trading accounts with regulated brokers is required as proof that you meet the trading requirement.
(Note that this is being reviewed and will be updated soon)
or
- A letter from employer confirming that you were employed for more than a year in the financial sector and your role required knowledge of OTC leveraged derivatives/trading is required as proof that you meet the trading requirement relevant experience requirement.
For requirement 2:
- Recent bank account statements.
For Criteria 2, you will need to supply a certificate from a Qualified Accountant to prove your wealth.