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BECOMING A PRO TRADER

Trade on Trade360 is done with accordance to the CySEC regulations, and as such, it adheres to recently-adopted measures by the European Securities and Markets Authority (ESMA). These measures pose different limitations on CFD trading. However, clients with a Professional account can keep trading under the previous conditions. Both veteran and new clients of Trade360 can apply for a Professional account.

What are the differences between a Professional account and a retail account?

With the new ESMA limitations, the main difference between a Professional account and a retail account is in the leverage rates. The leverage limits set by ESMA are aimed at lowering traders’ potential losses, but they also limit their potential profits. A Professional account is not subject to these limitations, as the following table of selected assets demonstrates:

Asset RETAIL ACCOUNT LEVERAGE PROFESSIONAL ACCOUNT LEVERAGE
Major Currency Pairs 1:30 1:400
Oil 1:10 1:400
Gold 1:20 1:400

 

If we take the currency pairs as an example:
When you have a $1,000 balance and you open a 25,000 EUR/USD position, you earn or lose $2.5 for each pip. A 10 pips movement on the EUR/USD will result in a profit or loss of $25.
On the other hand, with a Professional account and a $1,000 balance, you can open a 340,000 EUR/USD position and earn $34 for each pip. A 10 pips movement on the EUR/USD will result in a profit or loss of $340. With higher leverages, a professional account provides you with greater potential profits, but also with greater potential losses.

Switching to a Professional account

Not everyone is eligible to a Professional account. If you want to check your eligibility and apply for a Professional account, please click on the button below.

Elective Professional account Eligibility Test Q&A

To be eligible for a Professional account, you’ll need to demonstrate trading knowledge. Please answer the following questions:

Which of the following statements is correct regarding CFD trading?
Which one is the base currency for EUR/USD?
What does a “long position” stand for?
If you open a position of USD 1,000 with 1:50 leverage the value of your position will be:
Apple is trading at 100 and iPhone sales come out at 30% above the analysts’ expectations. In normal market conditions how is the Apple stock most likely to react?
The governor of the US Federal Reserve System sets the interest rate for which currency?
In order to determine a possible entry points to my trades I use charts or so-called technical analysis. If I want to consider long term trends in the EURUSD rate, I use fundamental analysis. Which of the following is an example of fundamental analysis?

Thank you for applying for a Professional account.