In short
- Professional status removes the 30:1 retail leverage cap.
- You may lose negative balance protection, the 50% close-out and Ombudsman access.
- You must genuinely meet the criteria.
The criteria
- Trading activity: transactions of significant size, on average around 10 per quarter over the previous four quarters.
- Portfolio: cash and financial instruments worth more than €500,000.
- Experience: at least one year working in the financial sector in a role requiring knowledge of the products.
Retail vs professional
| Retail | Professional | |
|---|---|---|
| Max leverage (major FX) | 30:1 | Set by broker |
| Negative balance protection | Yes | Not guaranteed |
| 50% margin close-out | Yes | Broker policy |
| Standard risk warnings | Yes | Fewer |
| Financial Ombudsman | Usually eligible | May not be eligible |
Is it worth it?
For most individual traders, no. Higher leverage doesn't improve results — it only lets you take bigger positions with less margin. Professional status makes sense for genuinely experienced traders who need capital efficiency and understand the risks.
Frequently asked questions
What do I need to qualify as a professional client?
Usually two of three: sizeable trading activity over the past year, a portfolio above €500,000, or at least a year's relevant professional experience in finance.
Can I switch back to retail?
Yes, you can ask your broker to treat you as a retail client again.
CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading these products. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.