Esma Regulation Form

Elect to upgrade to Professional Client status

I wish to be treated as a Professional Client in respect of any accounts I hold with Swissquote Ltd, and confirm that I meet at least two of the three criteria below:

Tick as applicable

I have traded derivatives (CFDs, forex, spreadbets or futures) in significant size on an average frequency of 10 times per quarter over the last four quarters.
[*We may need to verify this with you if your trading has been with another provider]

I have an investment portfolio, including cash and investments, of €500,000 or more.
[*We may ask you for evidence of this in the form of financial statements or returns]

I have worked in the financial sector for at least one year in a Professional position which required knowledge of derivatives trading.
[*We may need to confirm further details with you regarding your previous work experience]

Please check at least two boxes in order to move to the next step.

Read this warning about the protections you may lose

As a Professional Client, you may lose some regulatory protections offered to Retail Clients including:

Disclosures: You may not be given any of the additional disclosures required to be provided to Retail Clients (for example on costs and charges or risk warnings).
Appropriateness: We can assume that you have the necessary level of experience and knowledge when assessing whether a product or service is appropriate for you.
Order execution: We are required to obtain the best possible result when executing orders for our Clients. For Retail Clients this is based on total costs whereas we can prioritise other factors when dealing for Professional Clients.

When the ESMA measures start to apply, as a Professional you would not benefit from any negative balance protections offered to Retail Clients, however we will still treat your money as Client Money and if you are a consumer you will still have access to the Financial Ombudsman Service (FOS) and the UK Financial Services Compensation Scheme (FSCS) in the unlikely event of our default.

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Confirm you wish to be treated as an elective Professional Client

Please treat me as a Professional Client in respect of any trading undertaken on my account(s) with Swissquote Ltd. I confirm that I have read and understood the warning about the protections I may lose, and that I am aware of the consequences of such treatment.