Benefit from advanced features and take your experience to the next level.
The Pro Account is FairMarkets’ supreme offering. The Chairman’s Lounge within our company is offered to our VIPs. Changes to regulations in Australia (following global trends) around consumer protection now mean that higher leverage and other features are now only available to experienced and wealthy traders, which makes sense. The FairMarkets Pro account caters to this group.
| INSTRUMENT | PROFESSIONAL LEVERAGE | RETAIL LEVERAGE |
|---|---|---|
| Major Forex Pairs | Up To 500:1 | 30:1 |
| Minor Forex Pairs | Up To 500:1 | 20:1 |
| Stock Market Indices | Up To 200:1 | 20:1 |
| Gold | Up To 500:1 | 20:1 |
| Oil | Up To 100:1 | 10:1 |
| Other Commodities | Up To 50:1 | 10:1 |
| Cryptocurrencies | Up To 10:1 | 2:1 |
What are the eligibility criteria for the Pro Account?
To experience the advantages of being a Pro, you can meet the qualifying critierias mentioned below.
* An eligible client that meets the requirements of the Sophisticated Investor test is someone who we believe has the previous experience that allows them to assess:
** Clients that qualify as being treated as wholesale clients pursuant to section 761G(7)(c) of the Corporations Act 2001.
*** Accountants certificate - 2-year expiry
Retail negative balance protection.
Becoming a Pro has its downsides, as you will lose certain client protections.
However, as a FairMarkets Pro, you will be exempt from the following restrictions:
Our Internal Dispute Resolution process is not required to be accessible to you under the Corporation Act as a wholesale client, but we’ll still make this service available to you.
If you don’t meet The Pro account criteria, you can still trade with Fairmarkets on our Standard or Aussie Premium Accounts, benefiting from our tight spreads, fast execution, and premium customer support. You can be eligible to upgrade to a FairMarkets Pro account after a 6-month trading period by demonstrating the Sophisticated Investor Test trading requirements.
The Accountant Certificate is valid for a period of 2 years from the date it was issued.
Our customer support will be in contact with you before the expiry of the Certificate. Fairmarkets will assess your eligibility for The Pro Account under our other criteria if you forget to upload a new Certificate within this time. If you do not meet this criterion, your account will be converted to a Standard Trading Account.
As a Fairmarkets Pro, the following restrictions won’t apply to you:
