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GKFX PROFESSIONAL CLIENT

Experienced GKFX clients can apply to become a GKFX Professional Client. This new status means you can have lower margin
requirements to trade the financial markets with us - at no extra cost! However, this status requires a strict application procedure.

Every trader has unique needs. And sometimes even our broad range of account types may not be enough. Traders always look for more. This is especially true for those who trade financial markets regularly at a professional capacity.

That is why we offer Professional Client status to our experienced and highly knowledgeable customers. Our exclusive service provides the freedom and the opportunities that professional traders require to compete and challenge the volatile CFD markets.

In order to be eligible for this service, clients should match certain requirements determined by European Securities and Markets Authority (ESMA). European authority announced a comprehensive list of rules to ensure traders’ safety in 2018. Strict measures were declared to limit potential losses of all retail clients. Measures included limited leverage, persistent risk warnings and negative balance protection.

However, ESMA also ensured that professional traders who understood the risks and had experience with CFDs were free to explore the opportunities of financial markets. So, a Professional Client status has been designed to satisfy the needs of these high - level traders. By proving their experience level and expertiseon CFD trading, these clients will be exempt from certain ESMA limitations.

WHAT ARE ESMA RULES?

In August 2018, European Securities and Markets Authority (ESMA)
announced new rules to protect the retail CFD traders. They include
reducing leverage limits across all CFD instruments, ranging from 2:1
with a maximum of 30:1 for major currency pairs.

There is also a margin close-out rule on a per account basis,
negative balance protection and a standardized risk warning.

What you will gain as a Professional Client

Wenn Sie für den Status eines professionellen Kunden in Frage kommen, gelten die Hebelbeschränkungen der ESMA für Sie nicht mehr. Sie können Forex und CFDs mit niedrigeren Margen ohne zusätzliche Kosten handeln!

If you seek more flexibility, Professional Client account may suit you. You will be exchanging some protections for the ability to
trade with more relaxed margin requirements.

PROFESSIONAL CLIENT MARGIN REQUREMENTS
Major FX Pairs 0.5%
Other FX Pairs 1%
Major Indizes 1%
Gold 1%
Weitere Rohstoffe 1% - 3.33%

WHAT YOU WILL WAIVE AS A PROFESSIONAL CLIENT

Categorization:

If we become aware of circumstances where we may no
longer execute your orders as an Elective Professional
Client, we may reclassify you as Retail Client as per the
MFSA VFAR R3-3.4.3.3.3.6 rule.

Information:

The information which AKFX FINANCIAL SERVICES LTD
provides in relation to costs and charges for its
services and/or products may not be as comprehensive for
Elective Professional Clients as it would be for Retail
Clients, such as announcements about our costs,
commission, fees, charges and foreign exchange
conversion rates.

Communications:

Any communications including financial promotions made
by us with Elective Professional Clients are not subject to
all the requirements imposed by MiFID.

Appropriateness:

In respect of an Elective Professional Client, there is a
specified test for assessing whether the client has the
relevant product knowledge and experience to understand
the risks.

However, AKFX FINANCIAL SERVICES LTD (GKFX) is
entitled to assume that a client classified as an Elective
Professional Client has the necessary level of experience,
knowledge and expertise to understand the risks involved
in a transaction in products and services.

Best Execution:

There are a range of factors that need to be considered to
achieve best execution such as price, speed, costs and
fees. The price of the financial instrument and the costs
relating to execution, must be the overriding factor in
determining best execution.

Reporting:

AKFX FINANCIAL SERVICES LTD Financial Services Ltd
(GKFX) is required to provide the client with a periodic
statement; however, it is not required to provide the same
level of information on those statements as it would to
Retail Clients.

HOW TO BECOME A PROFESSIONAL CLIENT

Professional Client status is based on a strict application process. We check your eligibility and require certain
documents to prove it. If you already have a GKFX live account, you can go to your secure client area MyGKFX and start
your application. New clients should first open a live account.

To qualify, you must meet at least 2/3 criteria below.

  • You traded CFDs for a significant size, at least 10 times per quarter on average last year. quarter on average last year.
  • Your investment portfolio of cash deposits and financial instruments exceed €500,000.
  • You have worked in the financial sector for at least one year in a professional capacity.

We will ask you to upload copies of these supporting documents to proceed with your application:

  • Bank statement or financial instruments portfolio demonstrating it exceeds €500,000
  • Statement from your broker confirming you have traded at least 10 times in significant size per quarter on average for the last four quarters
  • Proof of employment that you worked in the finance sector for at least a year in professional capacity, granting you knowledge of trading Forex and other CFDs

RISIKOHINWEISE: CFD sind komplexe Instrumente und gehen wegen der Hebelwirkung mit dem hohen Risiko einher, schnell Geld zu verlieren. 73% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter. Sie sollten überlegen, ob Sie verstehen, wie CFD funktionieren, und ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren. Weitere Informationen finden Sie in unseren Risikohinweisen und AGB.