What Protections Do Pro Clients Lose?
As a Pepperstone Pro, the following restrictions won't apply to you:
- Lower leverage implemented;
- Compulsory margin close-out at 50%;
- Retail negative balance protection
- Retail disclosure information
We’re not required under the Corporations Act to provide wholesale clients with access to our Internal Dispute Resolution process but we’ll still make this service available to you at no cost.
While you can still access the external dispute resolution providers Australian Financial Complaints Authority (‘AFCA’) and Dubai Financial Services Authority (‘DFSA’) you may be treated differently given your status as an experienced wholesale investor and your matter may be excluded at AFCA or DFSA’s discretion.
There’s no requirement to issue you a product disclosure statement (PDS), financial services guide (FSG), and disclosures (although these will remain available on our website for you to review).
We may assume a level of knowledge and experience when assessing whether our products are appropriate for you.
The risks and other important information are detailed in the Wholesale Client Information Statement.
How do I register as a professional client?
You'll need to need to meet both criteria above. If you qualify, follow these easy steps to register:
- If you're new to Pepperstone, you can open an account here. If you're an existing client, simply log into your secure client area.
- Click Qualify as a Professional Client in the top right-hand side of your secure client area to register
- Start trading