What are the eligibility requirements for obtaining a Pro status?
If you're able to answer 'yes' to one of the following, you may be eligible:
- You have net assets A$2.5 million, or
- You have gross income for each of the last two financial years of at least A$250,000?
When calculating your net assets remember to include the following:
- Your home/other properties/land
- Shares/other investments/savings
- Value of business
What if I’m not eligible for Pro?
If you're not eligible, that's not a problem – you can trade as a retail client with us. You’ll have access to the same powerful platforms and great customer service we offer our retail clients.
What’s the difference between an IG trading account and an IG Pro account?
With an IG trading account, you’ll need to hold more margin to cover your positions than an IG Pro account would.
What protections do Pro clients forego?
As a Pro client, some of the protections that are afforded to retail clients by the Corporations Act 2001 (Cth) may not be afforded to you. Such protections include (but are not limited to) the issuing of a Product Disclosure Statement, which we would have previously provided to you as a retail client.
Moreover, as a Pro client, the applicable Future of Financial Advice (FoFA) requirements relating to conflicted remuneration do not apply.
What if I don't already have an IG trading account?
Before you can get verified for Pro, you will need to first apply for a standard account and then upgrade to Pro.
Will my level of client money protection change?
Importantly, as a Pro client, 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).
We may assume a level of knowledge and experience when assessing whether our products are appropriate for Pro clients.