Experienced Client
Lower margin requirements due to the possibility to change the client's status.
You are a trader who has been investing in the market for several years and you feel that you are ready for 1:100 leverage, and you still want to have negative balance protection. Take a look at the offer prepared by Conotoxia Ltd.
Status of an Experienced Client?
Below you can see the main differences between client's statuses. Review the table and assess which status has the best conditions for your trading strategy.
*Experienced
Retail ClientYES
1:100
1:100
1:10
1:20
1:2
1:10
1:20
YES
How to become an Experienced Retail Client
Experienced Retail Clients are clients who have appropriate knowledge of derivatives and extensive experience in trading. The requirements are outlined in the table below.
If you meet at least 1 requirement in each of the two categories: Knowledge and Experience, you can apply for a change of your client`s status.
Experience
Requirements confirming experience (the period of the last 24 months is considered).
Entering into CFD open positions of a nominal value corresponding to the PLN equivalent of at least EUR 50 000 each, at a frequency of at least 10 positions per quarter over four quarters.
Execution of CFD open positions of a nominal value corresponding to the PLN equivalent of at least EUR 10 000 each, at a frequency of at least 50 positions per quarter over four quarters.
Trading on CFD open positions of a total nominal value corresponding to the PLN equivalent of at least EUR 2 000 000 each, at a frequency of at least 40 positions per quarter over four quarters.
You must meet at least one of the above requirements
Knowledge
Appropriate knowledge of derivatives, including CFDs, confirmed by:
Relevant professional certificates, in particular: Investment Adviser, Securities Broker, Chartered Financial Analyst, Financial Risk Manager, Professional Risk Manager, ACI Dealing Certificate, ACI Diploma, or completion of a specialist field of study.
Completion of at least 50 hours of training in the area of derivatives, including CFDs, confirmed by the relevant certificates or any other form of confirmation issued following verification of knowledge by competent training providers in the last 12 months.
Confirmation that the client has carried out activities or has performed work under a contract of employment or as part of any other contractual relationship being the basis for the exercise of the relevant function, for at least a year, at a position which requires professional knowledge of transactions in CFDs or other derivatives.
You must meet at least one of the above requirements
Contact us
Contact us and our representatives will support you during the application process. Have more questions? Don't forget that Conotoxia is there for you.
Become an Experienced Client
Experienced Client - Q&A
Yes, clients of Conotoxia Ltd. can apply for a change of the client status. The Experienced Retail Client status is granted when the requirements are met.
The right to apply for the Experienced Client status is granted to those whose country of permanent residence is Poland.
The application process is straightforward. All you have to do is log in to your customer panel and find a survey to fill in. After submitting the questionnaire, the Customer Care Department will contact you and assist you to provide the documents needed during the verification process.
Leverage 100:1 applies on the main currency pairs, commodities such as gold and CFDs on the US Stock Indices. Full product specifications can be found here.
Yes, the accounts of clients with the Experienced Client status are subject to negative balance protection.
To complete the verification process, all documents that support and confirm the selected answers in the questionnaire are required. If the client submits all the documents, the verification process goes smoothly, and the application is processed within 24 hours.
Yes, at Conotoxia Ltd. you will find a comprehensive selection of educational materials as well as dedicated 50 h webinars about Forex, designed for clients applying for reclassification. At the end of the course, clients can take a test to confirm their knowledge. Explore the rich educational section here or contact us and our representatives will introduce you to the world of knowledge offered by Conotoxia Ltd.