PROFESSIONAL TRADERS

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PROFESSIONAL TRADERS

PROFESSIONAL TRADERS

Are you a professional trader? AUSPRIME offers a professional trading account to accommodate your unique needs.

Eligibility for a Professional Account

If you satisfy at least 2 of the following criteria, you are eligible for our professional account.

Trading Experience: You have carried out significantly large market transactions related to any asset, at an average frequency of 10 per quarter over the past 4 quarters.
Portfolio: Your financial instrument* portfolio size exceeds €500,000.
Relevant Experience: You currently work or have previously worked in the financial sector, in a professional capacity. This means you have the expertise and knowledge of the services and transactions involved, and you can duly assess associated risks.

*Financial instruments include shares, derivatives (only cash deposits made to fund/profits realised from investing in derivatives), debt instruments, and cash deposits. It does not include property portfolios, direct commodity ownership, or notional values of leveraged instruments.

Benefits of the AUSPRIME Professional Account

Protected funds
Trading with FIX API or GUI
Continuous support from an expert team
Effective risk management

Protections That You Waive as an Elective Professional Client

AUSPRIME; a prime of prime liquidity provider, is ESMA-regulated, upholding the stringent protocols in the MiFID II Directive. We will undertake a comprehensive assessment of whether you qualify as a Professional Client or an Elective Professional Client. By opting to be a Professional Client, you waive off the highest protection levels and information provision offered to Retail Clients.

Best Execution

As a B2B prime broker, we owe our clients top execution speeds and ensure honesty and transparency in all our dealings. Under Article 27 of the MiFID II Directive, we need to always act in the best interests of clients. But we aren’t required to prioritise overall costs as the most important factor. We might prioritise other factors that we deem more important.

Product Restriction

Product restrictions will not be imposed on you. We assume that you have the necessary level of experience and knowledge required to understand the risks associated with trading complex financial products.

Leverage Restrictions

The ESMA regulations implemented across the EU from August 01, 2018 have standardised trading norms for retail traders. This includes leverage caps, margin closeout, negative balance protection and restriction on incentives. The leverage restrictions do not apply to professional clients.

Professional Clients Leverage Limits

	AUSPRIME Professional Clients
Major Currency Pairs	1:100
Minor Currency Pairs	1:100
Exotics Currency Pairs	1:50
Gold	1:50
Commodities other than Gold	1:33
Major Indices	1:25
Cryptocurrencies	1:5

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Negative Balance Protection

Negative balance protection means that a retail client can never lose more than the total sum invested for trading CFDs. We are not required to offer professional clients negative balance protection. Therefore, should your account fall into negative balance, you are obliged to make additional payments. This means you may incur losses exceeding your deposits.

Risk Warnings

We assume you have the expertise and knowledge to understand associated market risks. Therefore, you may not be provided additional disclosures that are required to be provided to retail clients. This includes standard risk warnings.

Marketing Communication

We are committed to communicating with clients clearly and transparently. However, we may use more complex language to communicate with you.

Onboarding Process

Application Procedure for Professional Clients

Please send an email to backoffice@ausprime.eu to request the account opening form. This will assist us in opening your account in accordance with the requirements of the Cyprus Securities & Exchange Commission (CySEC). It will also enable us to fulfil the legal obligations of identifying each client under the Cyprus Money Laundering Regulations.

Client KYC documents

KYC Documentation

Once we approve the application, you will need to send the following documents.

A certified copy of Your Passport / National Identity Card (translated by a certified translator if the document language is other than English / Greek)
A certified copy of Proof of Address (utility bill, house deed, or bank statement not older than 6 months stating your name, full residential address, and date of issue)
CV (as a confirmation of your trading knowledge and experience)
Trading history or any other relevant document to show that your financial instrument* portfolio, including cash deposits and financial instruments, exceeds €500,000