To be classed professional you need a min 500 000 euro account and have worked in the field so you have experience with the instruments. Not that easy to match for me.
Basically, you have to fulfil two of the three following conditions to be rated as professional by IG.
- Operating more than 10 times in the last year with a significant amount (non-specified)
- Investment portfolio of more than 500.000 €
- You are working (or have worked) in the financial sector (related to FOREX or CFD) for at least one year.
So, I believe, anyone with a minimum experience can fulfil the first one, and I think IG will encourage, or they will be very easy on checking if you have one year of working experience in the sector. They may just make you fill-up a formulary with the options and that it is. They are free of responsibility if something happens in the future.
In my opinion, it would circumvent ESMA restrictions, and it would let us in the same position (helpless) than before.
