Elective Professional Client Procedure

How to Become an Elective Professional Client

If you are an existing client classified as a Retail client, you may request to become an Elective Professional client and as such be excluded from the scope of the European Securities and Markets Authority Decision (EU) 2018/796.

Check the eligibility criteria

You have carried out transactions of 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 exceeds €500,000.
You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services.

Request reclassification

Fill in the recategorization form and become an Elective professional trader.

Make sure the name and the email provided in the form are matching the ones associated with your trading account.

We will keep in touch

As soon as we receive your request our back office team will review your application and will get in touch with you.

We will process your application within 48 hours.

By becoming an Elective Professional client, you will lose the following protections afforded to Retail Clients, including but not limited to the following:

You will not be eligible to seek the services of the Investor Compensation Fund and may not be eligible for compensation under its protection and the Cyprus Securities and Exchange Commission.
You will be responsible for ensuring that your account does not fall into a negative balance. If it does, you will need to make additional payments to bring your balance back above zero – meaning that your losses can exceed your deposits.
Retail Clients are provided with more information regarding the Company’s fees, charges, commissions and expenses.
Retail Clients provide more information regarding their knowledge and experience in the Investment field so as to enable the Company to assess whether or not the investment service or product envisaged is appropriate for the Client. The same may not be available for professional clients.
The Company takes all the reasonable steps to ensure that a Retail Client’s order is executed as such in order to obtain the best possible results.
A Retail Client will receive information regarding his/her executed order timely and in more detail as to the content.
A Retail Client who is provided the service of Portfolio Management will receive more detailed and frequent information.
A Retail Client will be informed of the Company’s liability in relation to possible solvency of the custodian where Clients’ financial instruments are held.

Please ensure that you read and understand the Client Categorisation Policy.

For more details contact [email protected]

Payments footer Payments footer

* Risk Warning: CFDs are complex instruments that come with a high risk of rapidly losing money due to leverage. 85.19% of retail investors lose money when trading CFDs with this provider. It is desirable that investors who would consider trading, to do so only with money that they can afford to lose. Please note that even knowledgeable and well-experienced investors can experience large potential losses.

The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation.

This site is run and operated by NBH Markets EU Ltd (Regulated by CySEC under licence number 208/13). NBH Markets EU Ltd, Company registration number: HE 291974 (377, 28th Oktovriou Str., Soboh House, 3rd floor, Neapoli, 3107, Limassol, Cyprus).

NBH Markets EU Ltd offers its services to European residents and residents from: Bangladesh, Belarus, China, Egypt, Hong Kong, Indonesia, Kazakhstan, Lebanon, Malaysia, Mexico , Nigeria, Qatar, Russia, Saint Vincent and the Grenadines, Switzerland, U.A.E., Ukraine , Vanuatu.

©2021 NBH Markets EU LTD. All Rights Reserved.