What is a Professional Account?
A Plus500 Pro Account is available to Wholesale investors who can answer yes to one of the following:
Have net assets of at least AUD 2.5 million or
Have a gross income for each of the last two financial years of at least AUD 250,000
When ASIC’s proposed measures across the CFD industry take effect, as a Wholesale Investor you will forgo some protections afforded to retail clients, such as Retail Leveraged restrictions, Access to the Australian Financial Complaints Authority (AFCA) and the obligation to receive a Product Disclosure Statement (PDS) and Financial Services Guide (FSG).
Wholesale Investors will get to keep some of the current protections offered to our Retail Clients such as Client Money Protection, Negative Balance protection and Best Execution.
How to Change Back to Retail?
Clients with a Pro Account have the right to request at any time to return to a Retail Account, by contacting our Customer Support team via email or chat.
Plus500 does not claim to be an official academic institution that has received recognition from any country/government.