Get verified as a pro Trader in Europe? how?

Kondo Lee

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I want to get approved on my broker as a pro trader so I could trade with higher leverage, but these are the requirements:

Have you carried out transactions more than 150 EUR per transaction in CFDs (or Options) at an average frequency of 10 per quarter over the previous 4 quarters?
Yes No

Does your capital, including cash and financial instruments, exceed 500,000 euro?

Yes No
Do you work (or worked previously) in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged?

Yes No


I didn't work in the financial sector, but I do have experience in trading, I have over 650,000 euro in an account, but i don't meet the first requirement also , where can I get some "evidence" that I traded for a year, it need to be a trading account statement in pdf. I know it's not "ok" to do this but I can't wait a year to start trading, and no I can't just put all the money and trade with high inv, low leverage, because not all the money are mine, so I can't just use them, its a shared account with my brother and father, and what is mine is like 45,000 euro, and I can't just put them all in a trade, so I really need high leverage.
Where and how can I get some "proof" of trades?
 
I want to get approved on my broker as a pro trader so I could trade with higher leverage, but these are the requirements:

Have you carried out transactions more than 150 EUR per transaction in CFDs (or Options) at an average frequency of 10 per quarter over the previous 4 quarters?
Yes No

Does your capital, including cash and financial instruments, exceed 500,000 euro?

Yes No
Do you work (or worked previously) in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged?

Yes No


I didn't work in the financial sector, but I do have experience in trading, I have over 650,000 euro in an account, but i don't meet the first requirement also , where can I get some "evidence" that I traded for a year, it need to be a trading account statement in pdf. I know it's not "ok" to do this but I can't wait a year to start trading, and no I can't just put all the money and trade with high inv, low leverage, because not all the money are mine, so I can't just use them, its a shared account with my brother and father, and what is mine is like 45,000 euro, and I can't just put them all in a trade, so I really need high leverage.
Where and how can I get some "proof" of trades?
You can sign up with funding talent
 
Hi,

There are many US-based brokerages which don't require such evidence. I'm sure some european brokers also don't require such things.
For EU brokers I can recommend:
  • Degiro (They have really bad option selection imo)
  • Saxo Bank (good with high amount of currency like your case)
I would strongly advise against trading cfds with funds that are not yours.

Make sure you know what you're doing.
 
Hi,

There are many US-based brokerages which don't require such evidence. I'm sure some european brokers also don't require such things.
For EU brokers I can recommend:
  • Degiro (They have really bad option selection imo)
  • Saxo Bank (good with high amount of currency like your case)
I would strongly advise against trading cfds with funds that are not yours.

Make sure you know what you're doing.
nope it's the same, look here: https://www.home.saxo/accounts/pro
 
nope it's the same, look here: https://www.home.saxo/accounts/pro

Yeah well, looks like they have the same requirements - you probably won't be able to cheat the broker as they are very careful with these things.
In that case I think you should just register a individual margin account for a forex broker or something. I've seen brokers that have 1:30 leverage.
Honestly I don't understand what do you need over 30 million dollars in buying power.

Or don't use leverage at all - you'll lose less money - Unless you have some sort of algorithm or strategy, in which case I would be happy to invest with you. :p

Good luck
 
The higher the leverage, the higher the risk. Find someone who can introduce you to your broker, so you should skip the first step. Use the HAF section, probably someone can help you with the transactions.
 
I don't understand your problem. First of all, if you want to use leverage over 1:30 on an account with 650k euros and most of the money is not even yours, you are crazy! I use up to 1:5 on the large accounts and can easily do 5% per month even with that mini leverage. Second, you can register with any broker outside of EU easily and get any leverage you want.

But like I said, I really don't see the point, as 1:10 is the highest leverage that should ever be used with big money and thats more than enough to make crazy profits. If you need high leverage to make good profit, you are not trading, but gambling and sooner or later that money will be gone, anyway.
 
You can sign up with funding talent

These prop firms are only good for the owners, who cash in the sign-up fees...I don't know any good trader who would waste his time with them. Just a quick look at funding talent and their "rules"...they require minimum 3 trading days a week, what a joke! Sometimes there is nothing good to trade and opening a trade just for the sake of an open trade, is not serious trading.
 
Yeah well, looks like they have the same requirements - you probably won't be able to cheat the broker as they are very careful with these things.
In that case I think you should just register a individual margin account for a forex broker or something. I've seen brokers that have 1:30 leverage.
Honestly I don't understand what do you need over 30 million dollars in buying power.

Or don't use leverage at all - you'll lose less money - Unless you have some sort of algorithm or strategy, in which case I would be happy to invest with you. :p

Good luck
I have a strategy and I need to invest small amounts with high leverage
 
The higher the leverage, the higher the risk. Find someone who can introduce you to your broker, so you should skip the first step. Use the HAF section, probably someone can help you with the transactions.
the support from the broker said I need to make 10 trades per quarter( ok I do way more than that), 150 euro per trade( yep I do that too), for a YEAR, I need those things in the last 4 quarters and I can't wait that long, EU sucks a**, I did it before 2018 and these regulations didn't exist
 
I don't understand your problem. First of all, if you want to use leverage over 1:30 on an account with 650k euros and most of the money is not even yours, you are crazy! I use up to 1:5 on the large accounts and can easily do 5% per month even with that mini leverage. Second, you can register with any broker outside of EU easily and get any leverage you want.

But like I said, I really don't see the point, as 1:10 is the highest leverage that should ever be used with big money and thats more than enough to make crazy profits. If you need high leverage to make good profit, you are not trading, but gambling and sooner or later that money will be gone, anyway.
I want to make many small trades with high leverage, I did it before 2018 when the EU requirements for trading didn't exist yet, again with small amounts and high leverage and I was making more than I do now, I quit after the regulations and now I want to start again, but I am not making enough, the way I trade or the way I learned to trade and I know, it might be wrong but it's the strategy that works for me, learning to do it another way means money lost and I don't want that.
 
Yeah well, looks like they have the same requirements - you probably won't be able to cheat the broker as they are very careful with these things.
In that case I think you should just register a individual margin account for a forex broker or something. I've seen brokers that have 1:30 leverage.
Honestly I don't understand what do you need over 30 million dollars in buying power.

Or don't use leverage at all - you'll lose less money - Unless you have some sort of algorithm or strategy, in which case I would be happy to invest with you. :p

Good luck
also i have 1:5 leverage in stocks
 
the support from the broker said I need to make 10 trades per quarter( ok I do way more than that), 150 euro per trade( yep I do that too), for a YEAR, I need those things in the last 4 quarters and I can't wait that long, EU sucks a**, I did it before 2018 and these regulations didn't exist

Why don't you simply sign-up with a non-EU broker? I really don't understand your issue...:)
 
We are EU traders and are hit by ESMA.

It is hard getting pro status because you either need lots of funds or high trading volumes which also is achieved through having a large account. Or you come from this profession and have a EU backed carrier like FCA. This is tough for most retail traders.

What I did was move my main address to overseas. From there, I got my old leverage back with the same broker.

BTW, EU brokers are not automatically or always better than non-EU ones. Some EU brokers are regulated in Cyprus. Good luck solving any problems you have with your broker with them should you have any.

What leverage are you looking for?
 
Do you really trade with this big amount? Are you sure?
Sorry for asking but wanted to confirm if you do or ready to do.
 
With such amount at your disposal you shouldn't have a problem partnering with an already verified pro trader if you really need that badly.
 
Why does everyone say that asking for leverage is bad? I mean, if you are agreeing with this statement it just shows you don't know much about trading styles. So, if you don't know much about trading styles, why are you giving such bad advice to OP?

Even if OP has 650K to trade, it would be nice to have A LOT of leverage. Have any of you read the book "trade your way to financial freedom"? One way to trade is to have a measure of risk called "R".

If your "R" is 1% of trading capital, that means you are willing to lose 1k per trade. Now, if your stop is 20 dollars wide (that means that for every 20 dollars that the stock moves either up or down you make or lose 1K, the size of your "R").

So, if you are trading a stock that is 2k per share, have a stop of 5 dollars (technical analysis shows your stop should be that), and your R=1%=6.5K. You would need 1300 shares. If the price of the stock is 2k then multiply that by 1300 and you get 2.6M. This shows that he can only have 1 trade open and nothing else with a leverage of 4:1. WE ALL SHOULD KNOW that we should diversify so only one trade opened is not good, therefore, the need to have MUCH more leverage to be able to have more positions open in swing, core, etc.

And no, it is not risky, leverage is never risky with this type fo risk management. Please read the book I mentioned, it is by Van K Tharp, it is and oldie but worth the time.
 
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If your "R" is 1% of trading capital, that means you are willing to lose 1k per trade.

Nope, if the amount you are willing to risk per trade is 1% of your trading capital, it is thus totally depending on your trading capital. Only if your trading capital is exactly 100K, the risk taken would equal 1,000$.


Now, if your stop is 20 dollars wide (that means that for every 20 dollars that the stock moves either up or down you make or lose 1K, the size of your "R").

Errrr no again. If your stop is 20$, you risk loosing 20$ multiplied per the amount of shares you have.


Leverage is not bad, I agree with you, but only if well-used. For example, you can use it for diversification.
 
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