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Experienced traders can open an XSpot account as an elective professional. Professional traders are not subject to regulatory product interventions intended for less experienced traders.

You may be eligible as a Professional client if you meet at least two of the following:

A financial portfolio* exceeding €500,000

Placed 10 relevant trades in significant sizes over the last four quarters

Worked, or have worked, in the financial sector for at least 1 year

Professionals can incur losses exceeding deposits. Read below about the changes to client protection.

I’m eligible I’m not eligible

Unlock our pro services

Experienced traders can open an XSpot account as an elective professional. Professional traders are not subject to regulatory product interventions intended for less experienced traders.

You may be eligible as a Professional client if you meet at least two of the following:

A financial portfolio exceeding €500,000

Placed 10 relevant trades in significant sizes over the last four quarters

Worked, or have worked, in the financial sector for at least 1 year

Professionals can incur losses exceeding deposits. Read below about the changes to client protection.

I’m eligible I’m not eligible

Why get an XSpot professional account?

Advanced range of markets
15.000+ instruments from 20+ stock exchanges
Better trading conditions
Favorable liquidity, spreads & leverage conditions
Exclusive access to feed providers
Exclusive access to feed from HSBC, Citibank, JP Morgan, Deutsche, BOA and State Street
Greater autonomy
Greater autonomy and flexibility in your trading.
Dedicated Account Manager
Your own XSpot PRO Account Manager to support your trading
Bespoke Research
Access to advanced reports by our in-house Investment Research Team

Advanced range of markets

15.000+ instruments from 20+ stock exchanges

Better trading conditions

Favorable liquidity, spreads & leverage conditions

Exclusive access to feed providers

Exclusive access to feed from HSBC, Citibank, JP Morgan, Deutsche, BOA and State Street

Greater autonomy

Greater autonomy and flexibility in your trading.

Dedicated Account Manager

Your own XSpot PRO Account Manager to support your trading

Bespoke Research

Access to advanced reports by our in-house Investment Research Team

What should you be aware of?

Higher leverage
Leverage restrictions are not applicable to professionals. Remember with increased leverage comes increased risk
No negative balance protection
Losses can exceed deposits on a professional account.
Sophisticated language
We won’t necessarily use simple language in our communications to pro clients.
Assumed experience
We expect pro traders to have a certain level of knowledge and understanding.
Risk warnings
We may not provide you with any standardized risk warnings as you already understand the associated risks
Investors compensation fund
Elective professional clients are not eligible for the Investors Compensation Fund protection of €20,000

Higher leverage

Leverage restrictions are not applicable to professionals. Remember with increased leverage comes increased risk

Assumed experience

We expect pro traders to have a certain level of knowledge and understanding.

No negative balance protection

Losses can exceed deposits on a professional account.

Risk warnings

We may not provide you with any standardized risk warnings as you already understand the associated risks

Sophisticated language

We won’t necessarily use simple language in our communications to pro clients.

Investors compensation fund

Elective professional clients are not eligible for the Investors Compensation Fund protection of €20,000

FAQs

An advanced package

Experienced traders deserve appropriate support. Qualify for an XSpot professional account, and you’ll enjoy a range of features:

Credit facilities
Dedicated access to our execution desk
Scalper
Saved Orders
Visual Trading
Market Depth
Matrix
Portfolio
Time & Sales

You’ll also be eligible for, on request:

Personal account manager
Bespoke research
Premium hospitality and events

An advanced package

Experienced traders deserve appropriate support. Qualify for an XSpot professional account, and you’ll enjoy a range of features:

Credit facilities, giving you greater flexibility (subject to approval)
Dedicated access to our execution desk, enabling you to place complex trades from any stock exchange around the world
Scalper – Scalper is a professional panel for short-term high-frequency trading and it provides comprehensive functionality: Level 2 quotes, Time & Sales data, tick charts overlaying, mouse trading mode, etc
Saved Orders – Simultaneous opening of the positions by basket components from different markets became possible owing to Saved Orders panel. Custom sets of orders can be saved and send on demand
Visual Trading – XSpot PRO chart trading tool raises speed of managing multiple positions and orders. Drag and drop orders to modify, close and open positions simply by one click
Market Depth – Tracking market sentiment and order flow becomes possible via professional trading tool Market Depth. It displays Level 1 and Level 2 quotes with a built-in order entry
Matrix – Matrix module designed for the convenient work with Market Depth. The Matrix provides the ability for a single click order entry, modification, and cancellation
Portfolio – Portfolio tool is useful for those traders who trade portfolio strategies. It is possible to build chart of your portfolio, set coefficient between values of instruments and trade portfolio as a single asset
Time & Sales – Time & Sales is a professional analytic tool, which shows information about made trades and level 1 quotes data. It is essential for «tape reading» of current market data

You’ll also be eligible for, on request:

A personal account manager, on hand to offer one-to-one support
Bespoke research tailored to your needs by our expert analysts
Invitations to premium hospitality and events, allowing you to socialise with like-minded traders in luxurious surroundings

APPLY NOW

Not a client of XSpot yet?
Already investing with us?

1 Open an account with XSpot Markets

Apply for a live spread betting or CFD account with us

2 We’ll email you an XSpot Professional invitation

Follow the link to start your XSpot Professional application

3 Complete your application

Confirm your eligibility and complete your XSpot Professional application

4 Welcome to XSpot Professional

Once approved, start trading with your new XSpot Professional account

OPEN AN ACCOUNT

1 Open an account with XSpot Markets

Apply for a live spread betting or CFD account with us

2 Request your XSpot Professional invitation

We’ll email you an invitation to start your application

3 Complete your application

Confirm your eligibility and complete your XSpot Professional application

4 Welcome to XSpot Professional

Once approved, start trading with your new XSpot Professional account

REQUEST INVITATION

FAQs

What are the eligibility requirements to becoming a professional trader?

To qualify, you must answer ‘yes’ to two or more of the following:

Has your trading averaged 10 significantly sized transactions in leveraged derivatives per quarter over the last 4 quarters?
Do you have a financial instrument portfolio, including cash deposits, exceeding €500,000?
Have you worked in the financial sector in a professional position, requiring knowledge of derivatives trading, for at least a year?

What is included in my ‘financial instrument portfolio’?

A ‘financial instrument portfolio’ includes:

Cash
Stock portfolios
Stocks and shares ISAs
Trading accounts
Mutual funds
SIPPs (excluding non-financial instruments)

It does not include:

Company pensions
Non-tradeable assets
Property

What if I’m not eligible to become a professional trader?

Not a problem – you can still trade with us as a Retail Client and enjoy our great customer service and powerful tools. You will still have access to XSpot PRO terminal and what’s more, you’ll automatically get negative balance protection on your account and more protection measures.

What’s the difference between an Xspot Standard account and an Xspot Professional account?

With an XSpot Standard account, due to leverage restrictions you’ll need to hold more margin to cover your positions than a professional client would. Your account will also have negative balance protection, meaning that the balance on your account can’t go below zero, so you will never lose more money than your invested amount.

What protections do professional clients forego?

There are a few protections afforded to retail clients that professional clients don’t receive.

Negative balance protections don’t apply to professional clients, who have an obligation to make additional payments if their account falls into a negative balance. As a professional client, you can still attach guaranteed stops to place an absolute limit on risk. These incur a small premium if triggered.
We need to use clear language when talking to retail clients, but we can use more sophisticated language when talking to our professional clients.
We may assume a level of knowledge and experience when assessing whether our products are appropriate for professional clients.
We owe our clients a duty of best execution when executing orders. For retail clients we must prioritise overall prices and cost of a transaction in doing this. For professional clients we may prioritise other factors such as speed and likelihood of execution, if we determine they are equally or more important than overall price. In practice, we don’t change the way we execute your orders.

What if I already have an XSpot account?

If you’d like, you can request that your account be reclassified as ‘professional’. To check whether you could be eligible, see if you have the experience and portfolio required.

Why is spread betting and CFD leverage being restricted?

The European Securities and Markets Authority (ESMA) imposed a range of leverage restrictions aimed at retail traders in early 2018, to try to increase conduct standards across the industry and improve outcomes for investors.

NOT ELIGIBLE?

Even if you are are not currently eligible for an XSpot Professional account, you can still trade thousands of financial markets. Endless opportunities with access to advanced charting, our suite of trading tools, trader education and breaking market news and analysis from our in-house analysts.

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