Professional Trading

Scapfx is the preferred choice for elective Professional Traders. With a Scapfx elective professional account, you can enjoy many unique advantages, like increased leverage.

Am I Eligible to Become an Elective Professional Trader?

If you can answer YES to at least two of these questions, you could be eligible to trade as a professional trader on the Scapfx trading platform.

What if I am not eligible?

Rest assured – as a retail client, you can trade on the same excellent platform that provides all the same tools utilised by our professional traders.

Please answer the questions below

  • confirmYour financial instrument portfolio, which includes cash deposits, has a total value that exceeds €500,000.
  • confirmYou work or previously have worked in the financial sector for a minimum of one year in a professional role.
  • confirmYou have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters.

Professional Trading

As an elective professional trader, you may qualify to request a lower spread profile. You can also utilise all Scapfx's tools, including premium analysis reports and the option to request the addition of specific instruments platform. Additionally, each elective professional trader is assigned a personal point of contact who is available to assist you whenever needed.

Protections you waive as a Professional Trader

Regulatory requirements are in place to protect retail traders. By switching to a Professional Trader account, you waive those protections, which means you take on additional risks.

Please pay close attention to the protections that are not applicable to professional traders:

  • Restrictions on CFDs: Following ESMA’s product intervention measures lapse, national regulators in Europe have issued their own national product intervention measures imposing certain leverage restrictions on CFDs, prohibition of trading incentives, margin close out at an account level at 50% etc. By electing to become a professional client any such protections will not be applicable for you and we won’t be required to impose these measures on your account and trading.
  • Disclosures: you will be given fewer information disclosures with regard to Scapfx, its services, products and financial instruments such as Contracts for Difference (“CFDs”) (for example on costs, commissions, fees and charges, information on risks associated with CFDs or any other articular product). Also, we might use more sophisticated language when communicating with our professional clients rather than the simple and clear language we are obliged to use with our retail clients.
  • Order Execution: You will still be entitled to receive Best Execution under regulatory requirements. However:
    1. we are not required to prioritise the overall price and costs of the transaction as being the most important factor in achieving Best Execution for you;
    2. we do not need to inform you of material difficulties relevant to the proper carrying out of your order(s) promptly;
    3. should we provide you with periodic statements, we are not required to provide them as frequently or as detailed as for Retail Clients.
  • Safeguarding of funds: As a professional client, we will continue to keep your funds segregated in the same way as before, however, we are not required to notify you of whether interest is payable on it.
  • Investor Compensation Fund: you will not be entitled to compensation under the Investor Compensation Fund for clients of Cypriot Investment Firms, as available for Retail Clients.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.