Elective Professional

About our program

If you are a professional trader, you can apply to be reclassified at Heromarkets.com elective professional program. If you meet at least two of the following criteria, you may be eligible to reclassify as an elective professional client:

You have a financial portfolio that exceeds €500,000
Placed at least 10 relevant trades in significant sizes over the last four quarters
Work, or have worked, in the financial sector for at least one year.

Please note that as a professional customer, you waive part of the regulatory protection that applies to private customers.
For more information, see our customer categorization guidelines

How to qualify

Trade size and volume: You must have executed transactions of significant size in a relevant product with an average frequency of at least 10 per quarter over the previous four quarters (with our platform and/or other providers). The average transaction frequency can be with one supplier, or a combination of these. We will ask you for scanned copies of bank statements for all trading activity outside Heromarkets.com
The size of your portfolio: The size of your investment portfolio (with Heromarkets.com and/or other providers), defined as including cash deposits and financial instruments, exceeds €500,000. If your portfolio is held outside of Heromarkets.com, we may ask you for scanned copies of account statements from other providers.
Personal Trading Assistant:You work or have worked in the financial sector for at least one year in a professional position that requires knowledge of relevant products. We will ask you for details of your role and how it has provided you with sufficient knowledge and experience and may require you to provide evidence of this if necessary.

Profesjonelle kunder – Giret trading

ForexUp to 300:1
IndicesUp to 200:1
CommoditiesUp to 150:1
SharesUp to 10:1
CryptoUp to 2:1

REDUCED PROTECTION

Reduced trading restrictions

Please read the following information carefully and take note that as a professional client you will be entitled to fewer protections under the Law than you would be entitled to as a retail client.

Leverage on CFDs

Leverage restrictions applicable to retail clients do not apply to professionals. But remember, with increased leverage comes increased risk.

Disclosure

We can use more sophisticated language when talking to our professional clients. However, we’ll always communicate in a clear, fair and not misleading way.

Knowledge and experience

We may assume that your level of knowledge and experience when assessing whether our products are appropriate for you

Investor Compensation Fund (‘ICF’)

You will not be entitled to compensation under the ICF for clients of Cypriot Investment Firms, as available for retail clients.

Please note that some protections will remain unchanged. These include aspects such as Best Execution, Trade Confirmations and availability of Key Information Documents, which we see as key to provide you with the optimal trading experience.

For more details, contact [email protected].

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