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.
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.
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.
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).
Money you hold with us will remain in a segregated client bank account.
Rakuten Securities Australia is not required to provide access to internal and external dispute resolutions through the Australian Financial Complaints Authority (AFCA)
There are two ways to qualify for a Professional Account: You need to meet the criteria of either the Asset Test or Sophisticated Test
Criteria 1 Net assets are at least 2.5 million AUD
Criteria 2 Gross income for each of the last 2 financial years are at least 250,000 AUD per year
Criteria 1 At least 50 trades in the last 12 months
Criteria 2 At least 500,000 AUD notional value of trades in the last 12 months
Criteria 3 The value of your portfolio, assets and invetments exceeds 250,000 AUD
Criteria 4 At least 1 year working experience in the financial sector
If you have any question, please let us know from the following form
You can be categorised as a Wholesale Investor and upgrade to RSA’s Professional Account if you meet one of the following requirements.
you need to meet one of the two criteria
You need to meet two of the four criteria
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.
Professional Account will lose some protections:
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).