Professional Client Accounts
YAI Brokers offers trading conditions suitable for experienced traders such as high leverage to clients that are categorized as professional. Clients that can prove they meet the eligibility criteria can request to be categorized as professional.
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Professional vs Retail Client Categorization
YAI Brokers clients are categorized as retail when they initially sign-up. New and existing clients that can prove they meet the eligibility criteria can request to be re-categorized as professional at any time. Professional clients are not subject to the same leverage limitations as retail traders but some of the protection offered to retail clients is lost.
| Professional | Retail | |
|---|---|---|
| MARGIN REQUIREMENTS | ||
| FX Majors | 1% / 100:1* Leverage | 3.33% / 30:1 Leverage |
| FX Minors | 1% / 100:1* Leverage | 5% / 20:1 Leverage |
| Gold | 1% / 100:1* Leverage | 5% / 20:1 Leverage |
| Indices | 1% / 100:1* Leverage | 5% / 20:1 Leverage |
| Commodities | 2% / 50:1* leverage | 10% / 10:1 Leverage |
| ACCOUNT CONDITIONS | ||
| Negative balance protection | Not offered | Offered |
| Stop-out level | Equity = 50% of used margin | Equity = 50% of used margin |
| Investor Compensation Fund protection | No | Yes |
| Access to financial ombudsman | Yes | Yes |
| Funds held in segregated bank accounts | Yes | Yes |
Eligibility Criteria for Professional Classification
Eligibility to be categorized as a professional client (as opposed to retail) is based on a combination of historic trade volume, work experience and financial ability to tolerate risk. In order to qualify clients must meet 2 of the following 3 criteria:
- Have sufficient history of relevant derivative transactions in each of the previous 4 quarters
- Hold cash or equity in financial instruments of 500k EUR or more
- Have professional experience in a role that requires knowledge of the services YAI Brokers provides
Risk warning: Choosing to change your client classification from retail to professional will result in losing protection that is available to retail clients.
How to Apply
If you are an existing client and wish to be re-categorized as professional and receive the relevant trading conditions please contact your account manager or the support department and make the request. If you are a new client please apply for a new account as normal and request to be categorized as professional by notifying [email protected].
You will be required to provide documentation to prove you meet the eligibility criteria.