Professional Account with ADSS

Traders with the relevant experience requirements may be eligible to elect to be categorised as an elective Professional client.

A Professional Account with ADSS will provide you with:

  • A personalised customer service, ensuring we understand your requirements and tailoring our services to your trading strategies.
  • Access to a designated experienced personal account manager and access to a telephone based execution desk.
  • Your funds will remain segregated with us and you will continue to be eligible for protection under the  Financial Services Compensation Scheme (FSCS) for up to £85,000.
  • Trading volume rebates across our wide range of asset classes.

It is important that you are aware of the risks when electing to be categorised as a Professional client, as you will lose a number of protections that are provided to Retail clients:

  • Negative balance protection – You will not benefit from the zero balance protections that are afforded to Retail clients. Therefore it is possible to incur losses that exceed deposits, and should your account go into deficit you will have the obligation to deposit additional funds to cover any deficit balance.
  • Leverage – Professional accounts will not be subject to leverage restrictions imposed by the FCA, as a result it is important to understand the risks as trading with increased levels of leverage which are not suitable for Retail clients can work against you and magnify trading losses.
  • Risk Warnings – As you are expected to have an increased level of knowledge and understanding, we may not provide you with risk warnings which we would provide to Retail clients.
  • Sophisticated Language – We may use more sophisticated language in our communications to Professional clients.

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Become a Professional client

In order to be categorised as a Professional client, you would need to meet at least 2 out of the following 3 criteria (Quantitative Test).

  • Have traded leveraged products on average at least 10 trades in significant size in each of the last 4 consecutive quarters
  • Have an investment portfolio of over €500,000
  • Have worked in the financial services sector for over a year performing a role which requires you to have knowledge or experience in leveraged products
 

You will be required to provide supporting evidence.

Losses can exceed deposits.

If you have any questions please contact us:

Trading Rebates

We offer trading volume rebates across our wide range of asset classes on our platform.

If your total notional trade value in any asset class during a calendar month meets the minimum required, then you’ll receive a rebate. This will depend on the total volume you trade - your rebate will be calculated in accordance with the rates and tiers set out below. Your rebate will then be added to your account as cash at the start of the next calendar month.

Want to know more? Read our Terms and Conditions

How it works

When you trade the minimum notional amount ($m) of volume required monthly, you’ll be rewarded with a cash rebate in your base currency for each notional $m traded. Below is an example rebate calculation if you have traded in both FX and Indices asset classes during the same month.

FX

Your total monthly CFD or spread betting trade value for FX will need to be at least $25m to qualify for rebates. Once you reach this level, you will earn either $5, $8 or $12 depending on which tier you achieve for every $1m you trade throughout the month.

Volume rebate example calculation:

  • If your total FX trade value in the month is $150m, you achieve tier 2.
  • The tier 2 rebate rate is $8 for every $1m you trade in the month.
  • Your monthly volume rebate is $1,200 (150 x $8).

Indices

If during the same month your trade value for indices is $30m, you would also qualify for a tier 2 rebate of $5 per million traded. This is because you have met the threshold for tier 2 in FX, even though you have not met the minimum volume threshold in indices. In addition to your FX rebate, the calculation for your indices rebate would be as follows:

  • If your total indices trade value in the month is $30m, you achieve tier 2 (as you achieved this tier on your FX trading for the month)
  • The tier 2 rebate rate is $5 for every $1m you trade in the month
  • Your monthly volume rebate is $150 (30 x $5)

 

Hence in the above example your total rebate for the calendar month = $1,200 + $150 = $1,350

The Financial Conduct Authority has implemented permanent rules limiting the leverage available to retail clients to between 30:1 and 2:1, as spread betting and CFD products are considered restricted speculative investments, and higher leverage rates are not suitable for the majority of retail clients. These restrictions will not apply to Professional clients and therefore it is important that you understand the risks, as trading with increased levels of leverage can work against you as it can magnify trading losses.

Financial instruments that count towards your portfolio size include shares, derivatives (only available cash deposits or profits realised from investing in derivatives), debt instruments and cash deposits. It does not include property portfolios, direct commodity ownership or notional values of leveraged instruments.

Don’t worry. Even with a Standard Account, ADSS gives you the opportunity to trade thousands of products through Orex, our award-winning trading platform, complemented with excellent customer service. 

Negative balance protections don’t apply to professional clients, who have an obligation to make additional payments if their account falls into a negative balance. ADSS can use more sophisticated language when talking to professional clients. ADSS may assume a level of knowledge and experience when assessing whether our products are appropriate for professional clients. For professional clients we may prioritise other factors such as speed and likelihood of execution, if we determine they are equally or more important than overall price. In practice, we don’t change the way we execute your orders. When executing orders for you, ADSS take all sufficient steps to obtain the “best possible result” for you. However, the requirement for Retail Clients, to determine the best possible result in terms of total consideration for the transaction does not apply to Professional Clients.

Significant size is determined by taking into consideration the notional value of individual asset classes, as follows:

Equities £10k per trade

Indices/Commodities £50k per trade

Treasuries/FX £75k per trade

As with a Retail account, ADSS will hold your funds in a segregated client money bank account. You are also eligible for Financial Services Compensation Scheme protection on up to £85,000 that you hold with us. You have access to the Financial Ombudsman Service if you aren’t satisfied with the outcome of a complaint to us. You can request to be re- categorised  at any time if you want a higher level of regulatory protection.