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Can You Become a Pro Trader?

The European Securities and Markets Authority (ESMA) has recently imposed new limitations on CFD trading. As UFX strictly adheres to ESMA and CySec regulations, trading on our platform is done according to these new conditions. If you are a veteran trader who wishes to keep trading under the previous conditions, or if you wish to start trading at our platform under the same conditions, you can apply for a professional account.

What does a professional account offer in light of the new limitations?

The major update is the limitation on leverage rates. ESMA has set leverage limits that, while lowering potential losses, also limit potential profits.

  • Retail clients account leverage is up to 1:30 (depending on asset category).
  • Elective Professional account leverage is up to 1:400 (depending on asset category).

Let’s take a closer look at the currency pairs example:

  • With a retail account and a $1,000 balance, you can open a 25,000 EUR/USD position and move $2.5 for each pip to either direction. A 10 pips movement on the EUR/USD will result in a profit or a loss of $25.
  • On the other hand, with a Professional account and a $1,000 balance, you can open a 340,000 EUR/USD position and move $34 for each pip to either direction. A 10 pips movement on the EUR/USD will result in a profit or a loss of $340. With higher leverages, a professional account provides you with greater potential profits, but also with greater potential losses.

What other benefits do I get from switching to a professional account?

A UFX Professional account provides you with access to the MetaTrader 4 platform, with which you can take your trading to the next level. It also provides you with highly advanced market analysis tools and automated trading features in addition to VIP support services.

So, how do I switch to a Professional account?

First, we need to check your eligibility to trade with a Professional account. Please click on the button below to start the application process.

I understand and wish to start the Elective Professional process

Elective Professional Account Eligibility Test Q&A

The first step in qualifying for a Professional Account is demonstrating trading knowledge. Please answer the following questions:

Elective Professional: Personal declaration

You must meet at least two of the three criteria below, in order to be eligible to re-categorization to a Professional client.

Elective Professional: Personal declaration – additional information

Based on the criteria you’ve chosen, please answer the following questions:

To be eligible for a Professional account, you must answer Yes to at least two of the basic criteria. Click Back to revise your selection.

Thank you for applying to becoming an Elective Professional at UFX.

However, according to the information and answers you provided, we cannot approve your eligibility at this time.

According to regulatory laws, you can apply again on this date: {{expired_date}}.

For more information, please contact our support team.

Thank you for your submission. We will review it within 24 business hours.

Feel free to contact our support team if you have any questions.