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Client Categorization

Client Policy

Categorization

 

The Company is obliged under Applicable Regulations to obtain information on the Client's knowledge and experience in the investment field and such information, inter alia, will help the Company categorize Clients in relation to Investment and Ancillary services offered to them.

Under Applicable Regulations, Clients will be categorized either as Retail, Professional or Eligible Counter-Party depending on the information provided when completing the Application Form. The Client is responsible for notifying the Company if his/ her personal circumstances change.

 

A professional client is a client who possesses the experience, knowledge and expertise to make his own investment decisions and properly assess the risk it incurs. In order to be considered a professional client, the client must comply with the following criteria:

 

1.      Entities required to be authorised or regulated to operate in the financial markets, including those authorised by an EU member state

 

2.      Large undertakings meeting two of the following size requirements:

·         Balance sheet total at least €20.000.000

·         Net turnover at least €40.000.000

·         Own funds at least €2.000.000

 

3.      National and regional governments, public bodies managing public debt, central banks, international and supranational institutions and other similar international organisations

 

4.      Other institutional investors, whose main activity is to invest in financial instruments

 

Although, professional clients are allowed to request non-professional treatment and higher levels of protection.

 

Professional clients are not subject of protection of the Investors Compensation Fund (ICF). Furthermore, professional clients are not covered by the Company against any minus balance, which should be covered by them.


Professional clients are subject to the latest version of the Company’s terms and conditions.

 

Eligible counterparties are the Cyprus Investment Firms, Investment Firms, credit Institutions, insurance undertakings, UCITS and their management companies, pension funds and their management companies and other financial institutions authorised by a member state or regulated under community legislation or the national law of a member state, national governments, central banks and supranational organisations. In addition, CySEC recognises as eligible counterparties member state undertakings meeting predetermined criteria and third country entities with equivalent status.

 

Eligible Counterparties are not subject of protection of the Investors Compensation Fund (ICF). Furthermore, eligible counterparties are not covered by the Company against any minus balance, which should be covered by them.

 

Eligible Counterparties are subject to the latest version of the Company’s terms and conditions.

 

Retail clients are subject to the latest version of the Company’s terms and conditions.

 


The Client has the right to request a different Categorization thus to increase or decrease the level of regulatory protection afforded. If a Client wishes a re-classification, he/ she needs to send a written request to the Company which shall review his/ her request and notify him/ her of the status.

It is understood that the Company has the right to review the Client Categorization and change his/her category if this is deemed necessary subject to Applicable Regulations.




Fx & CFDs trading involves a high level of risk

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CFI Markets Ltd.
Gregori Afxentiou 10 Avenue, Livadiotis Court 5
P.O.Box 6023 - Larnaca, Cyprus
Tel: + 357 24 400270
Fax: + 357 24 400271
info@cfimarkets.com
Trading Desk
Tel: + 357 24 400274
tradingdesk@cfimarkets.com
Risk Warning: Forex and CFDs are leveraged products that incur a high level of risk and a small adverse market movement may expose the client to lose the entire invested capital. The possibility exists that you could sustain a loss in excess of your deposited funds even if a stop loss is used and therefore, you should not speculate with capital that you cannot afford to lose and be aware of trading risks. CFI Markets provides general information that does not take into account your objectives, financial situation or needs. The content of this website must not be interpreted as personal advice. Please ensure that you understand the risks involved and seek independent advice if necessary. Read the full disclaimer here.
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