XGLOBAL clients are categorized as retail when they initially sign-up. In alignment with CySEC regulatory requirements retail clients are provided standardised leverage and liquidation levels, and are also offered negative balance protection and cover by the Investor Compensation Fund. Clients that can prove they meet professional client eligibility criteria can request to be re-categorized as professional at any time. Professional clients are not subject to the same leverage and liquidation level restrictions but lose some of the protection offered to retail clients.
| Professional | Retail | |
|---|---|---|
| Margin Requirements | ||
| FX Majors | 0.2% / 500:1* Leverage | 3.33% / 30:1 Leverage |
| FX Minors | 0.3% / 333:1* 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 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:
Risk warning: Choosing to change your client classification from retail to professional will result in losing protection that is available to retail clients.
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 support@xglobalmarkets.com.
You will be required to provide documentation to prove you meet the eligibility criteria.