Features of an OANDA professional account
Frequently asked questions
What if I am not eligible to become a professional trader?
What are the main differences between the OANDA professional account and retail account?
Retail account clients have higher margin requirements than professional clients. However, retail clients have an increased level of protections compared to professional clients, which includes negative balance protection.
What client money protections will I lose as a professional trader?
ESMA (the European Securities and Market Authority) sets limits to the amount of leverage that a retail client may be exposed to on various CFD products. Professional clients are not affected by these rules and are therefore not provided with this protection.
Professional clients may lose the right of access to the Financial Ombudsman Service (the FOS), which is available to retail clients, unless they are an individual (professional client) trading in a personal ('consumer') capacity and not by way of business.
Where client money is held, it is held in accordance with the rules in CASS 7. As a professional client however, you may choose to opt-out of these rules.
What can be included in my ‘investment portfolio’?
Cash, stock portfolios, stocks and shares ISAs, trading accounts and mutual funds, and SIPPs. Physical assets and managed company pensions are not accepted.
I have a status of professional client in another broker in EU27 (UK). How can I move my status of professional client to OANDA?
Do you accept trading history from other brokers from EU27/UK?
Yes. Trading history in the form of trading statements from other brokers will be considered for criteria 1.