Trading

Professional trading account

As a professional trading account holder, you can trade forex and CFDs with higher leverage ratios. We also offer volume rebates and margin relief when you place a guaranteed stop-loss order, stop-loss order or trailing stop loss on your indices, forex, gold, silver and crude oil trades.

Professional Trading account - Logos

On October 23, 2020 the Australian Securities and Investments Commission (ASIC) released ‘Product Intervention Order – Contracts for Difference Instrument 2020/986,’ which introduces changes for CFD and FX trading that will go into effect on March 29, 2021. These changes will apply to OANDA Retail Trading accounts; in order to continue trading with higher leverage ratios after March 29, 2021 an OANDA Professional Trading account will be necessary.

Learn more about the new ASIC regulations

OANDA trading account comparison*

Features Retail (core pricing & spread only-pricing) Professional
Available leverage From 30:1 From 100:1
Margin relief on SLOs/GSLOs No Yes
Client funds segregation Yes Yes
Volume rebates No Yes
Margin closeout level 50% 50%
Negative balance protection Yes No
Access to FSG Yes No
Access to PDS Yes No
Compensation and
dispute resolution
Yes At AFCA's discretion

Higher leverage with a professional trader account

As a professional trader, you can benefit from higher leverage when you place a GSLO on your trades. This means that you get additional margin relief of 50% of your standard margin, plus the amount at risk when you use a GSLO, stop-loss order or trailing stop-loss order. Find out more.

Risks of being a Professional Trading account holder

  • You waive the right to receive a Financial Services Guide (FSG).
  • You waive the right to receive a Product Disclosure Statement (PDS).
  • You may lose the right to compensation and complaint handling arrangements. This remains at the discretion of the Australian Financial Complaints Authority (AFCA).

OANDA Professional Trading account qualification

To trade using a Professional Trading account, clients must qualify as either a ‘wholesale client’ or ‘sophisticated investor’ based on specific criteria.

Whole Sale Clients

Wholesale clients

Defined under Section 761G(7)(c) of the Corporations Act, wholesale client status is determined based on financial qualifiers, financial literacy and product knowledge. Specifically:

  • Assets of at least AUD2.5 million; or
  • Gross income for each of the last 2 financial years of at least AUD250,000;
  • A qualified accountant must certify that the client meets one of the above financial criteria; and
  • Clients need to meet a level of financial literacy and product knowledge.
Sophisticated investors icon

Sophisticated investors

Defined under Section 761GA of the Corporations Act, sophisticated investor status is determined based on trading history, market experience and product knowledge. OANDA must be satisfied that the client has sufficient experience trading derivatives to assess:

  • The merits of the products; and
  • The value of the products; and
  • The risks associated with holding the product; and
  • The client’s own information needs; and
  • The adequacy of the information given by OANDA.

OANDA does NOT guarantee to any client that they will meet the qualifying standards required to be a wholesale client or sophisticated investor. Those clients that DO qualify will be upgraded to the Professional Trading account.

OANDA will NOT assess as a wholesale client or sophisticated investor those clients that:

  • Are trading derivatives in connection with a business; or
  • Have not traded derivatives previously.

To learn more about OANDA’s Professional Trading account or how you might qualify as a wholesale client or sophisticated investor, please do not hesitate to contact:

David Villagra

David Villagra

Direct: 02 8243 7112

dvillagra@oanda.com

Jason Song

Jason Song

Direct: 02 8243 7108

jsong@oanda.com

*Retail and Professional Trading account offers as of March 29, 2021.

Trade forex and CFDs

Take a position on a range of FX pairs and CFDs using the OANDA Trade and MT4 platforms.

Take a position with OANDA Trade

OANDA Trade can be accessed from your web-browser, desktop, tablet and mobile device.

Trading performance portal

Analyse your trade history and identify your strengths and weaknesses using our performance portal.