Becoming a Pro TraderTrade 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 ratios. 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||Elective Pro Leverage|
|Major currency pairs||1:400|
What is the Leverage Ratio under a Retail Account?
With the ESMA restrictions, there is a limitation on the leverage ratio that a client can have under a retail account aimed to protect and to minimise trader’s potential losses or profits. A retail account is subject to these limitations as the following table of selected assets demonstrates:
|Asset||Retail account leverage|
|Major currency pairs||1:30|
Switching to a Professional account
Not everyone is eligible for a Professional account. If you want to check your eligibility and apply for a Professional account, please click on the button below.