Please note that we have amended our Negative Balance Protection Policy and the new version will come into force on 20 June 2018.
An essential change is that the new policy extends the protection from negative balances to clients categorised as Professional Clients on comparable terms that are currently applicable to Retail Clients.
This change was made to offer the protection against negative balances to clients who choose to apply for professional trading terms, following the restrictions of maximum leverage imposed by the European Securities and Markets Authority (ESMA), that we will implement on the session opening on Monday 30 July 2018.
In addition, the document has been rephrased for the purpose of uniformity with similar documents we are implementing in other companies of Admiral Markets Group.
We believe that our new policy appreciates the latest trends and is a rare find (if not completely unique at the moment) in the online trading industry, because none of the financial services firms known to us, currently provides this kind of safeguards for their 'Pro' clients.
Thanks to the new policy, combined with our Volatility Protection Settings — which help address the most typical issues connected to fast markets — we can confidently say that we now provide our 'Pro' clients with something materially different from other companies.
More information about the upcoming changes of leverage and differences between client categorisations can be found on the Retail and Professional Terms page.