FAQ for Professional Customers
The following questions and answers are intended to give you more information about the specifics of being classified as a professional client of GBE brokers.
Can a Retail client apply to be classified as a Professional?
Yes. A Retail client can submit an “Elective Professional Application”, if the Retail client wishes to apply to become a Professional. GBE brokers Ltd. will carry out an assessment of the Elective Professional Application and will respond back to the applicant. It will be at GBE brokers Ltd’s absolute discretion to accept or reject an application, even if the criteria are fully fulfilled.
The elective professional application form is available in our GBE portal.
What are the key criteria required to become a Professional client?
There are three criteria groups. You need to confirm and demonstrate that You meet any two of these as part of the application process:
- You own a financial instrument portfolio (including cash deposits and financial instruments) exceeding EUR 500,000.
- You have trading experience of a significant size in CFDs, spread betting or forex at an average frequency of 10 times in each quarter of the last 4 quarters.
- You are working, or have worked in the financial sector for at least one year in a professional position, which requires knowledge of leveraged products, such as CFDs.
Will You get negative balance protection as an elective professional client?
Yes. GBE brokers offers Negative Balance Protection to both Retail and elective professional clients.
Please be aware that Professional clients waive various protections provided by the regulatory authorities. For more information on this matter please refer to GBE brokers Ltd’s Client Categorisation Policy. Please ensure that You have fully read and understood all our terms before submitting an Elective Professional Application.
Can You change Your mind and return back to Retail client category?
Yes. You are allowed to change Your mind even if we have already approved Your application. You can inform us in writing in case that You no longer wish to trade as an “Elective Professional” and GBE brokers ltd. will change Your classification back to “Retail”.
Can a company submit an Elective Professional Application?
Yes. Companies who are classified as Retail clients at GBE brokers are allowed to submit an Elective Professional Application.
