As an experienced trader, you may be eligible to be classified as a wholesale client and apply for a Professional account with City Index. Apply now to enjoy exclusive benefits, including monthly cash rebates, one-to-one coaching and priority service.Apply Now
Professional account features
Access to the trading desk
Check your eligibility
You will be eligible to qualify for a professional account if you meet one of the following criteria:
We will reassess your professional account on an annual basis to ensure that you remain eligible based on your circumstances at the time.
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Professional account protections
Prior to opting-in to open a Professional account, it is important that you also understand the risks associated with doing so.
Wholesale clients are assumed to be better informed, and better able to access resources to protect their own interests, and therefore require less regulatory protection. Investors who agree to be treated as wholesale clients therefore forgo the benefit of certain regulatory safeguards.
For example, wholesale clients do not receive a Product Disclosure Statement detailing the products provided. Investors should consult a professional adviser if they do not understand any consequence of being treated as a wholesale client.
You can opt-in to be classified as a Professional trader (subject to review and approval) using our quick and easy application form. You will need to have an existing City Index account in order to apply and meet one of the qualifying criteria. You can find full details on how to apply here.
You will be eligible to qualify for a Professional account if you meet one of the following criteria:
- Savings: You have net assets of A$2.5 million, including your home, other properties/land, superannuation, trusts, shares, other investments, savings, value of business, car/boat/other vehicle
- Income: You have a gross income for the last two financial years of at least A$250,000.
Yes – you can choose to opt-out from being classified as a Professional client and return to retail client status at any time by contacting our Client Services team in writing. Note that it can take up to 7 days to process your request.
Yes - you can apply using the same form within My Account as an individual. For Joint account holders - if one of the named account holders is an approved Professional trader by City Index, then the other named account holder(s) can opt-in to treat the account as a Professional trader in respect of dealings through that joint account.
As a Professional client, you will have access to higher leverage than retail clients, meaning you will need to hold less margin to cover positions. Professional clients also receive additional account benefits such as priority service and cash rebates but will receive less investor protections than retail clients.
There is no change to the tax status of the products we provide to our clients with a City Index Professional account.
If you’re not eligible for City Index Professional account, you can still trade thousands of financial markets on our award-winning platform, using a standard City Index account. Learn more
Only clients that are new to City Index will need to first open a standard CFD trading account before applying for a Professional account.
If you already have a CFD account with us, you apply for Professional account now, if you think you may be eligible.