Capital Index

The European Securities and Markets Authority (ESMA) has confirmed that its reduction in leverage on CFD and Spread betting products will come into effect as of 1st August, 2018 along with changes to Negative Balance Protection and Margin Close Out levels.

The restrictions will not apply to Professional Clients. If you wish to apply to become Professional Client and you meet the requirements, the new rules will not apply to you.

In order to qualify you must satisfy at least two out of the three criteria set out below. Please confirm which of the following criteria apply to you.

Please tick all that apply

You have carried out transactions in CFDs, spread betting and/or forex, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters.*

The size of your financial instrument portfolio, defined as including cash deposits and financial instruments, exceeds EUR 500,000.

You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of CFD trading, spread betting or forex trading.

Full Name:

Email Address:

Trading Account:

*Significant sized trades are classified as having a notional value of £10,000 for equities and £50,000 for Forex, Indices and Commodities or equivalent in local base currency.

Declaration:

By submitting this query I wish to request a re-categorisation of my client profile held with Capital Index (UK) Limited and be treated as an Elective Professional Client in respect to all my existing accounts.

I understand that my client profile and the information provided by me in support of my re-categorisation request will be reviewed according to Capital Index (UK) Limited’s policies in order to ensure that I have sufficient expertise, experience and knowledge to be able to make my own investment decision and to understand the risks involved. Should my circumstances change, I bear the responsibility to notify Capital Index (UK) Limited immediately.

What happens next?

Your query will be escalated to the relevant team and we will contact you to discuss this. You will be asked to provide supporting evidence based on the answers given above.

What happens if I become a Professional Client?

By choosing to categorised as a Professional Client you will lose some of the regulatory protections afforded to Retail Clients. Please see the below table for some of the main changes in the way your account will be treated.

Protections you will retain	Protections you will lose
Unless you specifically agreed otherwise in writing, Capital Index (UK) Limited will continue segregating your funds in our Client Money bank accounts in accordance with the Client Money Rules.	As a Professional Client your account will not be eligible for negative balance protection. You will have an obligation to make additional payments if your account falls into negative balance, meaning you can lose more than your deposits.
You have the right to request to be re-categorised as a Retail Client at any time.	Unlike a Retail Client, Capital Index (UK) Limited will not be required to restrict leverage offered to you in line with FCA restrictions. Higher leverage can mean higher losses if the markets move against you.
As an individual, you are eligible for Financial Services Compensation Scheme protection https://www.fscs.org.uk/	As a Professional Client, Capital Index (UK) Limited may assume your level of knowledge and experience when assessing whether our products are appropriate for you.
As an individual (consumer) you are able to use the Financial Services Ombudsman should you not be satisfied with the outcome of a complaint to us (please see our Complaints Procedure).	Capital Index (UK) Limited will not be required to provide you with written risk warnings and notices in relation to transactions in complex financial instruments.