Professional traders can quality for a special pro trading account at AvaTrade. Experienced professionals have seen the ups and downs of the markets. They understand the importance of a regulated, trusted broker, not just the cheapest spreads. Fortunately, the AvaTrade professional account is regulated by more than 9 major jurisdictions worldwide. From the FFAJ to the ADGM / FSRA, there are few brokers that offer the strict levels of compliance and regulation along with the trading volume and liquidity for larger positions. As a professional trader, access the Foreign Exchange market with increased leverage and reduced spreads. Read on to learn more about how to become an AvaTrade professional account trader.
Meet The Professional Trader Requirements
To qualify for an AvaTrade pro account, eligibility depends on 2 of 3 following requirements. Unlike the other AvaTrade account types available to individuals, this account status requires experience, qualifications and documentation.
First, demonstrate sufficient trading activity for at least 1 year. Experienced traders should have a consistent number of transactions, sizing and frequency over the past 12 months. The number of trades must average at least 10 per quarter during that time. All transactions must be place in a relevant foreign exchange market or similar.
Secondly, you can have relevant working experience in the finance sector. Your direct employment or professional experience should be relevant to currencies, trading, stocks or other financial services.
Lastly, hold a portfolio of €500,000 or more. The portfolio can consist of instruments and cash. By meeting 2 of 3 of these criteria, you can qualify as a professional.
Apply To Become An Ava Professional
To increase your leverage levels and access more competitive spreads, apply to become an Ava professional trader. To apply for the professional account, you must sign up for a regular account. To sign up, click on the link here.
- Input your name, email, and phone number
- Enter the partner code “201329” for available bonuses
- Verify your personal information and answer KYC verification questions
- Make a deposit to your account
- Navigate To “My Account” and click “Professional Trader” tab
- Start Your Application For Professional Trader Status
On this page, you will be asked to choose which eligibility requirements you meet, including sufficient 12 month trading, relevant industry experience, or financial portfolio worth. You can check off the boxes according to your professional qualifications.
Provide Supporting Documentation Of Pro Trading
Next, upload the supporting documents to qualify as a professional trader. The documents should be uploaded in PDF format. Click on the “Upload” button to choose the documents directly form your desktop PC or Mac computer. To make the application process smoother, have your documents ready to upload at this time. If not, there are options to upload your documents later. Here’s the documents you’ll need:
- 12 months of account statements with sufficient trading activity. These statements are usually available in your previous trading account reporting section.
- An employer letter that confirms your experience working for at least 1 year in the financial sector and your role relevant to trading instruments.
- Current PDF bank account statement showing more than €500,000 in portfolio assets including cash, stocks, currencies and other instruments.
Of course, upload the eligibility documents only for the 2 criteria that you are applying for. With the supporting documents uploaded, remember to verify that you have read the form and the submission is accurate.
Professional Trader Competitive Spreads
A best regulated forex broker and trusted broker, the AvaTrade professional accounts also feature competitive spreads. You may be eligible for AvaTrade spreads as low as 0.9 on major pairs like EURUSD. Once you have qualified as a professional trader, you can work with your account manager to discuss lower spreads, bonuses and opportunities. In fact, professional accounts receive bonuses and offers not available to regular or standard accounts. Additionally, since spreads vary depending on pairs, instruments, and commodities, professionals can get access to the most competitive spreads available on the Ava platform. Read more about the AvaTrade trading fees here.
Professional Trader Account Leverage
Depending on your geographic region and jurisdiction, leverage is limited for individual traders and standard accounts. For example, EU traders have a maximum leverage of 1:30 as regulated by the ESMA. With a professional account, EU traders can leverage up to 400:1 on foreign exchange pairs or 25:1 on cryptocurrencies. In fact, Ava pro accounts can trade indices and shares with 200:1 leverage while retail accounts can only trade 20:1 leverage. Since professional traders tend to use leverage more aggressively, this account feature is very attractive to risk-on traders with high leverage brokers. Certainly, Ava professionals have a much higher maximum leverage with this qualified account status.
Pro Account For Professional Traders
Professional traders prefer a pro account for the unique leverage levels, risk parameters, and minimum margin requirements. These accounts are suitable for the most experienced traders who understand the dynamics and risks of the market. For example, the professional AvaTrade account offers:
- Availability to the markets under CBI, ASIC, and FSCA
- 1000+ Instruments including forex, commodities, stocks, indices, and more
- No-Commissions and competitive spreads with some rollover fees
- Full range of trading apps and platforms like MT4, MetaTrader 5, WebTrader, and others
- Minimum account opening of $100 and pro trading eligibility requirements.
While pro traders use high leverage, there is more risk of losing capital. Especially for high leverage trades, losses may be amplified. And, since Ava professional accounts do not have negative balance protection, pros can lose more funds than the initial deposit. For these reasons, professional accounts are only for the most experienced traders with a strong knowledge of the industry and risk management.
