Please fill out the following form. Our staff will contact you within 2 business days.

Professional Account Details

Margin Rates

As a Professional Trader, you can trade with a minimum of 0.25% margin. Rakuten Securities Australia is required to limit leverage on different products offered to retail accounts to comply with the ASIC requirements. These restrictions do not apply to Professional Accounts.

No Negative Balance Protection

Professional Traders are responsible for ensuring that their account does not fall into a negative balance. If it does, you will need to make additional payments to bring your balance back above zero, meaning that your losses can exceed your deposits.

Best Execution

You can keep trading with tight spreads and our best execution model. The Professional Account has market leading instant execution from the largest retail FX market in the world, Japan.

Product Disclosure Statement & Financial Services Guide

Currently, Professional Accounts will not be entitled to some of the protections afforded to retail clients under the Corporations Act 2001 (Cth). Rakuten Securities Australia is not required to give you a Product Disclosure Statement (PDS) or Financial Services Guide (FSG).

Client Money Segregation

Money you hold with us will remain in a segregated client bank account.

Australian Financial Complaints Authority (AFCA)

Rakuten Securities Australia is not required to provide access to internal and external dispute resolutions through the Australian Financial Complaints Authority (AFCA)

Eligibility Criteria

There are two ways to qualify for a Professional Account: You need to meet the criteria of either the Asset Test or Sophisticated Test

Asset Test

You meet one of the two criteria

Criteria 1 Net assets are at least 2.5 million AUD

OR

Criteria 2 Gross income for each of the last 2 financial years are at least 250,000 AUD per year

Sophisticated Test

You meet two of four following criteria

Criteria 1 At least 50 trades in the last 12 months

OR

Criteria 2 At least 500,000 AUD notional value of trades in the last 12 months

OR

Criteria 3 The value of your portfolio, assets and invetments exceeds 250,000 AUD

OR

Criteria 4 At least 1 year working experience in the financial sector

How To Apply For Professional Account

  1. Open a RSA live account from here
  2. Provide the required document for professional account
  3. Once approved, you can start trading with a professional account
  1. Provide the each of the following documents to apply for professional account.

    Asset test

    • Certificate by a qualified Accountant Download
    • Wholesale Client Information Statement Download

    Sophisticated test

    • Sophisticated Investor Questionnaire Download
  2. Send this back to our support team (support@sec.rakuten.com.au)

If you have any question, please let us know from the following form

Enquire

Please fill out the following form. Our staff will contact you within 2 business days.
Who is eligible for Professional Account?

You can be categorised as a Wholesale Investor and upgrade to RSA’s Professional Account if you meet one of the following requirements.

Asset Test

you need to meet one of the two criteria

  1. Assets: You have net assets of at least 2.5M AUD, or
  2. Income: Your gross income for each of the last two financial years was at least 250,000 AUD

Sophisticated Test

You need to meet two of the four criteria

  1. At least 50 trades in the last 12 months
  2. You have traded at least 500,000 AUD in notional value last 12 months
  3. The value of your portfolio, assets and invetments exceeds 250,000 AUD
  4. You have at least 1 year working experience in the financial sector
What is the difference between a Retail Account and a Professional Account?

Professional Accounts have different conditions for trading to retail clients. This is because Professional clients are expected to have a more sophisticated understanding of complex products.

What protections do Professional Account lose?

Professional Account will lose some protections:

  1. There’s no requirement to issue you a product disclosure statement (PDS), financial services guide (FSG), and other warnings and disclaimers (although these will remain available on our website for you to review)
  2. Applicable Australian Financial Complaints Authority (AFCA) requirements relating to conflicted remuneration don’t apply
  3. We may assume a level of knowledge and experience when assessing whether our products are appropriate for you.
Will my client money protection change?

Importantly, as a Professional Account, we will continue to segregate your money and assets in the same way as before in accordance with the client money provisions of the Corporations Act 2001 (Cth).

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