acquire ERC status
Permanent residents of Poland can apply to receive the status of Experienced Retail Clients (ERC) and be entitled to lower margin requirements for some instrument classes. In order for clients to obtain this status, they must fulfil certain criteria
Who can be considered as an Experienced Retail Client?
The ERC status can only be assigned to retail clients who legally reside in the Republic of Poland and possess the necessary experience and knowledge of derivatives, including CFDs
Criteria to determine experienced
retail client eligibility
In order for clients to be considered as having enough experience to obtain ERC status, they must have carried out one of the following activities within the past 24 months:
- opening at least 10 transactions in CFDs with a nominal value of at least EUR 50,000 each per quarter within four quarters or;
- opening at least 50 transactions in CFDs with a nominal value of at least EUR 10,000 each per quarter within four quarters or;
- opening transactions in CFDs with the total nominal value of at least " EUR 2,000,000 and the client has concluded at least 40 opening transactions per quarter within four quarters
Margin requirements for experienced retail clients
Clients who have the status of ERC can trade CFDs with the following margin requirements depending on the underlying instrument:
1% (leverage 1:100) for all currency pairs, major equity indices (AUS200., EUR50, FRA40, DAX, J225, NASDAQ100, UK100, US30, US500, USTech100), and gold;
10% (leverage 1:10) for commodities other than gold, and non-major equity indices;
20% (leverage 1:5) for individual stocks, ETFs and other reference values;
50% (leverage 1:2) for CFDs on cryptocurrencies
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