LeoParticipant
Veteran
Hi all,
Now that I have seen the HomePage of JuanJ, I got an idea.
- JuaJ is full-time trader it means that somehow is autonomus i.e. he is a professional
- Sure JuaJ have more that 2 year of trading CFD often
Then it means that he has 2 of 3 requirement for a profesional and get the normal margins we used to have !!!! or not?
… what if I open my own Company for Investment… even if it is very small ? then it can continue having the small margins!! or?
Have someone else though about this Kind of work-around?
The size of the trades that you have placed to be qualified as professional is very large and I doubt anyone on here has traded that large regularly. The amount you have to have in your portfolio is something like half a million and so unless he has very deep pockets I think Juanj will only qualify on one count still.
Anyone know if its possible to get a standard account in switzerland even tho ur from another country?
I think everyone starts on a limited risk account now unless you can prove that you are a serious trader. Even already having a standard account for several years already does not qualify you for one when opening an additional account. There does not seem to be any rules set in stone as to what is required to get a standard account so I suspect that it will probably be similar to ‘professional status’. IG got a lot of bad press a while back for letting accounts get into massive negative equity so I think they are now keen to have everyone on ‘limited risk’. It might be worth a phone call to ask what the requirements are to upgrade to standard and if you find out do let us all know!
How did I become the subject of speculation? I did not apply as a professional trader. I’m planning on going through IG Australia, as they seem to be in a position to give me a standard account.
Juanj – what are they taking as experience/evidence that means you can open a standard account?
Everyone can compare different countries IG accounts here:
https://www.ig.com/uk/compare-our-leveraged-trading?CHID=3&QPID=22380&tid=afa72f2fd4a438abe9c0f09f713fa6bf
LeoParticipant
Veteran
How did I become the subject of speculation? I did not apply as a professional trader. I’m planning on going through IG Australia, as they seem to be in a position to give me a standard account.
Full time Traders (who I imagine that pays taxes as a freelance) are not suitable to apply to proffesional trading???
Have someone try to found his own fiscal entity ( a Company) for trading with better conditions?
Thanks in advance
