Reduced margin rates as a
Professional client

Reduced margin rates as a
Professional Client

Apply now

Professional clients can incur losses that exceed deposits

Lower Margin Requirements

New Min. Professional
Margin Rates (from)

New Min. Retail
Margin Rate (from)

Major Indices 0.25% 5%
Major FX 0.25% 3.33%
Commodities 0.5%  10%
Shares 3% 20%
Crypto 5% 50%

From 1st August 2018, new industry-wide regulations will mean significantly increased minimum margin rates for all retail clients.

Professional Clients are exempt from these increases, and will receive margin rates that are lower than current rates across a range of asset classes.

Professional Client Account Features

Reduced Margins

Trade with reduced margin rates and be exempt from product restrictions

Priority Service
Support for all your trading needs with a dedicated Client Relationship Manager

Account Protection
Remain eligible for protection from the FSCS and the Financial Ombudsman Service

Apply for Professional Status

You'll need to have a SALT Trading account before you apply. Open an account in minutes here.

CHECK YOUR ELIGIBILITY

To qualify, meet the professional client eligibility criteria below.

COMPLETE YOUR APPLICATION

Apply quickly and easily with our simple online application form.

BECOME A PROFESSIONAL

Once approved, receive reduced margin rates and priority service.

Check your eligibility to become a Professional Client

To qualify as a Professional Client you need to meet two of these three criteria:

  • Trading volume: Made an average of 10 significantly sized transactions per quarter over the last four quarters
  • Portfolio: Have a financial instrument portfolio, including cash deposits, exceeding €500,000
  • Experience: Worked in a professional position in the financial sector requiring knowledge of the transactions or services envisaged for at least 1+ year(s)

If you’re eligible, then you can apply now

APPLY NOW

Margin Requirement Examples

The table below shows you how leverage limits will affect
the margin required to open a position from 1st August:

Market Trade Size Opening Price Margin required for
Professional Clients
Margin required
for Retail Clients
Germany 30 1 CFD 12,000 £27 (400:1) £540 (20:1)
GBP/USD 1 CFD 1.400 £24.44 (400:1) £325.80 (30:1)
Barclays 100 CFDs 210 £6.30 (33.3:1) £42 (5:1)
Bitcoin $ 1 CFD 8,000 £279.27 (20:1) £2,792.68 (2:1)

Professional Client Status Details

It is important that you understand exactly how a Professional Client will be treated differently to a Retail Client should you wish to apply for Professional Client status:

UNCHANGED PROTECTIONS

We are not obliged to offer the following to Professional Clients but have elected to continue doing so:

Client money remains segregated from our funds and will be unaffected in the event of our insolvency.

Best Execution remains unchanged as we owe all our clients a duty of best execution.

The detail of Trade Confirmations remain unchanged and are sent by the end of the first business day following the execution of the trade, or earlier.

Key Information Documents remain available to you.

WAIVED PROTECTIONS

You will waive some FCA protections:

Margin and Leverage Limits remain unchanged despite the changes that ESMA introduce for retail clients.

Mandatory changes to product features which protect retail clients will not be mandatory for you. (e.g. negative balance protection and margin close out levels).

We will assume you have the relevant knowledge and experience levels to understand the risks in trading leveraged products.

We may use more sophisticated language when dealing with you as a Professional Client than we do with our retail clients.

Professional Clients also
Remain eligible for the Financial Services Compensation Scheme if you are a natural person.
Retain the rights to complain to the Financial Ombudsman Service when trading in a personal capacity.

Apply to become a Professional Client

  APPLY NOW

Qualification criteria in detail

In order to qualify to become a Professional Client, you will need to meet at least 2 out of the 3 eligibility criteria outlined by the FCA. There will be no change to tax status or any additional cost to change to Professional Client status.
The criteria are as follows:

Trade size & Volume

You 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 SALT Invest and/or other providers).

Significant sized trades are classified as having a notional value of £10,000 for equities and £50,000 for forex, indices and commodities or equivalent in local currency.

Size of portfolio

The size of your financial instrument portfolio, defined as including cash deposits and financial instruments, exceeds EUR 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 Experience

You 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.

Margin close out rules

Margin close-out levels will change considerably under the new ESMA proposals. Initially the body proposed a 50% margin close out level which would have been enforced on a position basis.

As part of a consultation process involving some of the UK’s largest brokers, ESMA has adopted a more realistic, standardised approach on an account level basis.

This means that under new proposals, a broker will be required to close one or more positions should a client’s account balance drop below 50% of the required margin.

Negative balance protection

Under the new ESMA regulations, all retail traders will be required to have negative balance protection available on their account. This means that their account balance will never be allowed to go below zero, regardless of market conditions.

Capital at risk.

80% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you can afford to take the high risk of losing your money. Capital at risk.