The Professional Account will provide you with maximum flexibility in the markets.
At Tao Trade, traders can choose between two account options: PROFESSIONAL and RETAIL.
The Professional Account is suitable for investors who want to use higher leverage and 0% margin close-out when trading and to receive promotions. It is perfect for traders with the experience, knowledge and capability to make their own investment decisions and who understand the risks involved. Keep in mind that you will have to agree to waive some of the protections under the rules of business conduct, including the right to compensation under the Investor Compensation Fund and the right to address a complaint to the Financial Ombudsman. Beginner clients may also request to become Professional if they fulfil the relevant criteria.
To state your preference to be treated as an Professional client, you have to log in to the trading platform or fill out the Request Form. An Application for Expert Clients is also available on the website.
The tables below will provide you with more information on both account options we offer.
| Trading Features | Professional Clients | Retail Clients |
|---|---|---|
| Currencies max leverage | 1:200 | 1:30 |
| Commodities max leverage | 1:200 | 1:20 |
| Indices max leverage | 1:100 | 1:20 |
| Stocks max leverage | 1:10 | 1:5 |
| Cryptocurrencies max leverage | 1:2 | 1:2 |
| ETFs max leverage | 1:10 | 1:5 |
| Synthetic Derivatives max leverage | 1:10 | 1:5 |
| Segregated client money | ✓ | ✓ |
| Negative balance protection | ✓ | ✓ |
| Best execution for orders | ✓ | ✓ |
| Clear and transparent information | ✓ | ✓ |
| Financial Ombudsman protection | X | ✓ |
| Investor compensation | X | ✓ |
THE FOLLOWING REQUIREMENTS NEED TO BE MET TO QUALIFY FOR AN PROFESSIONAL ACCOUNT:
- You must have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters.
- The size of your financial instrument portfolio, defined as including cash deposits and financial instruments, must exceed EUR 500,000.
- You must work/have worked in the financial sector for at least one year in a professional position requiring knowledge of the transactions or services envisaged.