OANDA introduces a cashback scheme for Professional Clients

Below you will find details regarding professional account parameters, legal requirements, and the rebate rate table.

What is Professional Client status? 

Professional Client status is a client category as defined in Article 3(39b) of the Act of 29 July 2005 on Trading in Financial Instruments and the implementing regulations to that Act. It is designed for entities with appropriate investment experience and knowledge to make informed decisions and properly assess associated risks. Reclassifying from retail to professional client status changes trading conditions and the level of legal protection.

Main Parameters of an OANDA Professional Account:

• Maximum financial leverage levels:
  • Currency pairs (Forex): up to 200:1
  • Stock indices: up to 100:1
  • Gold and selected commodities: up to 200:1
  • Share CFDs: up to 5:1
• Cashback program: Earn spread and commission discounts upon reaching specified volume thresholds.
• Account support: Dedicated account manager and priority application processing.

How the cashback model works 

The introduced model rewards trading volume generated within a given calendar month. The rebate amount is calculated based on total trading volume in US Dollars (USD) and paid commissions.

General cashback rates:

* As part of the Promotion, Participants are entitled to a partial refund of the brokerage commission charged ("Cashback") for transactions executed on contracts for difference (CFDs) based on: currency pairs, index futures, cash indices, commodity futures and cash commodities, for which transaction execution commissions apply. 

Limited-time offer.

Criteria for Professional Client status 

To apply for Professional Client status, an investor must meet at least two of the following criteria:

• Significant transaction volume: Carrying out transactions of significant value depending on the underlying asset, with minimum values of:
  • €13,000+ for commodities other than gold
  • €40,000+ for gold
  • €37,000+ for currency pairs
  • €4,000+ for other assets not specified above

At least 10 transactions per quarter over the last 4 quarters.

• Financial portfolio size: Holding a financial portfolio, including cash deposits, exceeding €500,000 (or equivalent in another currency).
• Professional experience: At least 1 year of professional experience in the financial sector in a position requiring knowledge of financial instrument trading.

Application Process 

Upgrading to Professional Client status involves the following steps:

1. Submit an application via email after contacting your account manager.
2. Provide documentation confirming compliance with at least 2 out of the 3 criteria (e.g., brokerage statements, employment certificates).
3. Formal verification of the application by OANDA.

Your account manager will assist you at every stage, from initial application submission to status approval and updating your account's trading conditions.

Find out more → https://www.oanda.com/eu-en/professional-client