Professional Client status is suitable only for highly experienced traders.
Please note that to qualify for this status, you must pass a knowledge and experience test (fitness test) conducted by the Company.
In addition to the test, at least two conditions from the following list must be met:
(i) You carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters.
(ii) You have a financial instrument portfolio, including cash deposits, exceeding €500,000.
(iii) You have worked at least a year in the financial sector in a professional position that requires knowledge of the relevant transactions or services.
If you would like to read more about Professional Client status, click here.
Please note that you can only open a live account and use it for trading purposes if you are at least 18 years old or of legal age, whichever is greater.
1. To sign up for an account, please fill out the E-mail and Password fields in the mobile app sign-up dialogue or via the Libertex Web platform at https://app.libertex.com/#modal_register
You can also sign up via Facebook to register a trading account.
2. Once you sign up, you'll be asked some questions. Please answer them.
3. After making your first deposit, you'll be prompted to upload your documents for identification purposes. For example, your proof of identity and proof of residence.
4. Upload the documents following the instructions given on the trading platform and wait for the verification process to be completed. Newly registered accounts are typically ready within 3 business days.
Multiplier is the ratio between the volumes being traded, i.e., the total investment amount with the multiplier applied and the used margin amount.
What is the maximum multiplier for each asset class?
a. 30:1 for major currency pairs (3.33% margin)
b. 20:1 for minor currency pairs, gold, and major indices (5% margin)
c. 10:1 for commodities other than gold and minor indices (10% margin)
d. 5:1 for individual equities and other reference values (20% margin)
e. 2:1 for cryptocurrencies (50% margin)
How will this affect my trading account with Libertex?
When you trade any asset, the multiplier applied depends on the class the asset belongs to.
With higher multiplier, you need less funds (margin) to open a position, which allows you to open big trades while investing just a fraction.
Conversely, if the multiplier is low, you'll need more of your own funds to open your position.
How do I know the total amount of the trades I can open when my account balance is N?
Maximum Amount = Free Margin * Max Multiplier for the asset class in question.
Let's assume now your account balance is again €10,000, but you want to open multiple trades on EUR/USD.
This is a major currency pair, so the maximum multiplier here is 30:1.
That means your maximum overall trade amount with a multiplier applied is €10,000*30 = €300,000.
In other words, you can open any number of EUR/USD trades you want, but their total value, including the multiplier, must not exceed €300,000.
Let's assume your account balance is again €10,000 and you want to open multiple trades on gold.
For minor currency pairs, gold, and major indices, the maximum multiplier is 20:1.
That means your maximum overall trade amount with a multiplier applied is €10,000*20 = €200,000.
If you want to trade without any restrictions, you can become a Professional Trader. Click here to learn how.