PROFESSIONAL TRADERS

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PROFESSIONAL TRADERS

PROFESSIONAL TRADERS

Do you qualify as a professional trader ?
To be eligible for a professional account you will need to meet at least 2 of the following criteria
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Trading Experience	You have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters.
Portfolio	The size of your financial instrument* portfolio, defined as including cash deposits AND financial instruments, exceeds EUR 500,000.
Relevant Experience	You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transaction or services envisaged.

*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.

Professional traders who meet the criteria can qualify for services designed to accommodate their unique needs

Advantages of opening a professional account

● Protected funds
● Trading via FIX API or GUI
● Continuous support from our team of experts
● Effective risk management

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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Protections that you waive as an elective Professional Client

Best Execution

We own all clients a duty of best execution to act honestly, fairly, professional and in the best interest of the client. Under Article 27 of the MiFID II Directive, we are required take into account all sufficient steps to obtain the best possible result for our clients but we are not required to prioritise the overall costs as beeing the most important factor. Instead me might prioritise other factors which we consider more important that the overall costs.

Product Restriction

We can assume that you have the necessary level of experience and knowledge to understand the risks associated with trading complex financial products, we will not impose product restrictions on you.

Leverage restrictions

ESMA regulations of 1st August 2018 which have been implemented already by all EU states, have set some new measures to standardise for retail traders including the leverage caps, margin close out, Negative Balance protection and restriction on incentives. Leverage restrictions will not apply to professional clients.

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 and therefore should your account fall into a negative balance, you are obliged to make additional payments – meaning you may incur losses exceeding your deposits

Risk warnings

We can assume that you have the necessary level of experience and knowledge to understand the risks associated with trading complex financial products. Therefore, you may not be given any of the additional disclosures required to be provided to Retail Clients and we will not be required to provide you with any standardized risk warnings.

Marketing communication

We may use a more complex language to communicate with you. Please note that we are committed to communicating in a clear and transparent way at all times.

Onboarding Process

Application procedure for Professional clients

To assist us in the opening of your account in accordance with the requirements of the Cyprus Securities & Exchange Commission, and to enable us to fulfil our legal obligations to positively identify each customer under the Cyprus Money Laundering Regulations, please send an email to backoffice@ausprime.eu in order to request the account opening form.

Client KYC documents

Once the application form will be approved from our side, the following documents will have to be provided.

Your Name (required)

Your Email (required)

Phone

Your Website

A certified copy of Your Passport / National Identity Card (translated by a certified translator if document language is other than English / Greek) *

_{Max file size: 15MB}

A certified copy of Proof of Address (A utility bill, house deed or bank statement not older than 6 months stating your name, full residential address and date of issue) *

_{Max file size: 15MB}

CV – as a confirmation of your Trading Knowledge and Experience. *

_{Max file size: 15MB}

Trading history or any other relevant document to show that your financial instrument* portfolio, defined as including cash deposits AND financial instruments, exceeds EUR 500,000*

_{Max file size: 15MB}

Send the payment

At this instance the application is already approved, and trading account created.
You will be provided with the wire instructions for your first deposit

GUI/API Trading

Once the funds are received and credited to your account our back-office team will send the credentials for GUI trading / API integration
For further information on the registration process please use the link below to get in touch with us