As a professional client of JFD Brokers, you will enjoy lower margin requirements (shown in brackets in the “Default Margin” column of the Contract Specifications for each asset class) outside the scope of ESMA’s restrictions applicable to the retail traders. This means a leverage of up to 1:400 on FX and 1:100 on CFD instruments (cryptos, indices, commodities and so on). Although such trading flexibility comes with a higher risk coupled with no negative balance protection, it gives you additional opportunities to realise your well-defined investment strategies with proper risk management in place.
To qualify as a professional client, you need to provide documentary evidence that you meet at least two of the following three criteria for categorisation:
If you are not eligible for a professional account status, you can still trade 1000+ instruments with JFD on multiple platforms as a retail client with a negative balance protection.
Considering that you meet the respective criteria to be a professional trader with JFD Brokers, you first need to open a live trading account. In the account opening form (AOF), you will be prompted to fill in a client categorisation questionnaire. Once your live trading account is ready and active, simply follow these steps to request a professional status categorisation:
Remember: You always have the right to request a different categorisation. At any time, you can request a higher level of protection by being categorised again as a retail client.
Before applying for a professional client status, it is important to fully understand all limitations involved. Please review the following list of changes in the trading conditions that will apply if you are categorised as a professional client compared to a retail client status:
See the following investor categorisation comparison table for further reference:
Important: Please note that in specific countries there are restrictions in place preventing JFD from accepting retail clients. However, based on the regulation in the respective jurisdictions, these restrictions may not apply for professional clients. If applicable, you will be notified about this while filling in the account opening form. In such case or if you believe that you can be accepted by JFD as a professional client, please contact our Client Service team for more information.