To be eligible as a Professional trader, you must meet at least two or more of the following criteria:
Your trading has averaged 10 significantly sized leverage transactions per quarter over the last 4 quarters.
You have a Financial Instrument Portfolio (*), including cash deposits that exceed €500,000.
You have worked in the financial sector in a professional position, requiring knowledge of derivatives trading, for at least a year.
In addition to the above, you will have to provide the relevant documentation for verification purposes.
We will also ask you to complete an assessment covering your knowledge and experience.
(*) EXAMPLES OF FINANCIAL INSTRUMENT
A Financial Instrument Portfolio includes:
A Financial Instrument Portfolio does not include:
Negative balance protection. You will have an obligation to make additional payments if your account balance falls into negative.
We may assume that you have a sufficient level of knowledge and experience when assessing whether our products are appropriate for you. In addition, we can use more sophisticated language in our communications with you..
Best execution policy. We owe our clients a duty of best execution when executing orders. For retail clients, we must prioritize the overall prices and cost of a transaction in doing this. We may prioritize other factors such as speed and likelihood of execution for professional clients if we determine they are equally or more important than the overall price. In practice, it will not change the way we execute your orders.
For more detailed information, please see our Client Categorization Policy included in the Legal Documents section.
Founded on the principles of integrity, collaboration and adaptability, Sheer Markets strives to provide clients with competitive, streaming access to a comprehensive instrument range, including NDF CFDs, EMFX, Cryptocurrency CFDs, and to represent the driving force in an ever-evolving global industry.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.