PROFESSIONAL
IC Markets Professional Account
Access benefits not available to retail traders.
Get StartedAccess Exclusive Professional Account Perks
Designed for experienced traders, our Professional Account allows you to maximize your trading potential.
Flexible Leverage Options
Access leverage options beyond the reach of retail clients.
Access to Sponsored VPS
Benefit from reduced latency and uninterrupted connectivity.
VIP Access
Stay ahead with early access to new IC Markets’ products and market news.
Professional Account Leverage
Explore the significant leverage advantage offered by our Professional Account compared to standard retail offerings.
Instrument
- Major currency pairs
- Minor currency pairs
- Major stock market indices
- Minor stock market indices
- Gold (XAUEUR, XAUUSD & XAUAUD)
- Spot oil (XTI & XBR)
- Other commodities (Other Metals & Soft Commodities)
- Cryptocurrencies
- Equities or other assets
Professional Leverage
- Up to 500:1
- Up to 500:1
- Up to 200:1
- Up to 200:1
- Up to 500:1
- Up to 100:1
- Up to 500:1
- Up to 5:1
- Up to 20:1
Retail Leverage
- 30:1
- 20:1
- 20:1
- 10:1
- 20:1
- 10:1
- 10:1
- 2:1
- 5:1
Are You Eligible for a Professional Account?
To qualify for a Professional account, you need to meet the 'wholesale client' eligibility criteria under the Corporations Act 2001
(Cth) (Act). If you can pass the criteria for either of the following tests, you may be eligible.
Individual Wealth Test
If you answer “Yes” to any of the following, you may be eligible to be classified as wholesale client under section 761G of the Act.
1. Your net assets amount to a minimum of AUD $2.5 million
OR
2. Your gross income for each of the last two financial years totals a minimum of AUD $250,000
Net assets encompass various holdings, including your residence, other properties/land, superannuation, trust, shares, other investments, savings, business valuation, as well as the value of motor or boating vehicles
If you are eligible, you will be requested to submit proof of eligibility by providing a wealth certificate, certified by a qualified accountant** .
Sophisticated Investor Test
If you satisfy either of the following criteria, you may be eligible to be classified as a Sophisticated Investor.
1. You have traded leveraged FX or CFDs 20 times per quarter for at least 4 quarters in the preceding 2 years with a notional value of AUD$500,000 or more
OR
2. You work or have worked in the financial sector for at least one year in a professional position which requires knowledge of leveraged trading (or FX or CFDs)
You will also be required to demonstrate your proficiency in leveraged trading by completing a brief online test.
If you are eligible, you will be requested to submit proof of your trading experience or sufficient work experience in the financial sector.
**A qualified accountant is defined in s88B of the Corporations Act as a person
meeting the criteria in a class declaration made by ASIC.
Applying for a Professional Account
Individual Wealth Test
1. Log into your Secure Client Area
2. Select ‘Become a Pro’ in the top left-hand-side of the screen
3. Select 'Start Individual Wealth Application''
4. You’ll be asked to submit proof of eligibility as certified by your accountant.
Sophisticated Investor Test
1. Log into your Secure Client Area
2. Select ‘Become a Pro’ in the top left-hand-side of the screen
3. Select 'Start Sophisticated Investor Application'
4. Pass the Knowledge Quiz, and provide evidence of your trading experience or sufficient work experience in the financial sector.
Understanding Professional Account Conditions
As an IC Markets Wholesale Client (Professional), certain protections afforded to retail clients under Chapter 7 of the Corporations Act 2001 (Cth) (Act) will not apply to you.
Here's what to expect:
- IC Markets is not obligated by law to provide the same rights and protections as offered to retail clients.
- Access to our Internal Dispute Resolution scheme is not mandatory, though it remains available to you at no cost.
- While you can access the Australian Financial Complaints Authority (AFCA), your status as an experienced wholesale client may result in differing treatment, and AFCA may exercise discretion in handling your matter.
- Updates to our Product Disclosure Statement (PDS), Financial Services Guide (FSG), or any other documentation provided to retail clients may not be extended to Professional clients.
For detailed risk disclosure and other pertinent information, refer to the Wholesale Client Information Statement (Wholesale Client only).
Wholesale client *** is used equivocally to denote Sophisticated Investors.
Introducing Pro Trader Plus
Earn rebates on your commissions
High-volume traders automatically receive daily rebates on their commissions* when they meet our minimum trading volume requirement. Want to learn more?
Professional Client FAQs
As an IC Markets Professional account holder you are considered a wholesale client and not a retail client. This gives you access to different trading conditions. To become a IC Markets Pro client, you have to meet the 'wholesale client' eligibility criteria under the Corporations Act and are expected to have a more sophisticated understanding of complex financial products.
If you’re not eligible for IC Markets Professional account, you can still access and trade thousands of financial instruments using a retail IC Markets account. You can continue to trade with the full retail client protection. You'll still benefit from our tight spreads, fast execution and industry-leading support.
Only clients that are new to IC Markets will need to first open a standard CFD trading account before applying for a IC Markets Professional account. If you already have a CFD account with us, you can apply for a IC Markets Pro account now, if you think you may be eligible.
Yes, you can use your trading history from other accounts and even other brokers.
Yes, you will have the same account number.
Unfortunately, we currently do not offer IC Markets Professional accounts to joint account holders.
Due to the change in trading conditions it is not possible to convert your open trades when changing to IC Markets Professional Account
If you applied for IC Markets Professional Account using an individual wealth test certificate signed by an accountant, you’ll need to provide a new certificate every 2 years or use other eligibility criteria to keep your Professional Account status active.
This is because a wealth certificate is only valid for a period of 2 years from the date of issuance considering the potential changes in our clients' financial circumstances.
It is the client’s responsibility to provide IC Markets with a new certificate or new eligibility criteria prior to expiry. Otherwise, your Professional Account status will not be maintained and further disruptions might be potentially caused to your trading activities.
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