As you become a more experienced and proficient trader, you may apply to reclassify your account as a Qualified Trader with a leverage 1:200, so that your freedom of operation is in line with your experience, knowledge, and abilities.
Reclassifying your account is a simple procedure, in which you must demonstrate at least one of the following criteria:
Note: All data is calculated without leverage
It is important to note that the above requirements must be official from the broker.
As part of your reclassification process, you will need to prove that the size of your portfolio is valued at 102,000 US Dollars or more. If your portfolio is diverse and spreads among several brokerages, you will be asked to provide supporting documentation on your portfolio size.
Trade Volume and Size
The threshold for achieving professional status is having carried out 10 transactions of a relevant product with turnover of more than 102,000 US Dollars over the last four quarters in each quarter. Trades completed with other brokers are valid and count towards qualified status if appropriate documentation is provided.
Supporting documentation on client`s portfolio size.
Reports on completed Transactions for the last 4 quarters, formed in the Forex terminal, with the help of which the Client made Operations, or account statements, which contain information about the quantity of completed Transactions in the context of each of the last 4 quarters excluding leverage. These documents must be certified by the signature of the specified person (if possible) and the seal (if any) of the organization where the transactions were performed. If the Client performed Operations in our Forex company, then there is no need in submission of documents mentioned in this paragraph.
To Open a Qualified Trading Account
CFDs’ Leverage: Easier Leverage restrictions apply for qualified traders. The qualified client is assigned with leverage of 1:200. Please, keep in mind: with greater leverage comes greater risk.
Disclosures: As a broker, we will talk in a more advanced language with our qualified clients. However, we will always keep things honest, clear, and fair.
Knowledge & Experience: We take your level of knowledge and experience into account when deciding which product is appropriate for you.
The protections, such as: Best Execution, Trade Confirmations, and availability of Key Information Documents, which we view as essential to provide you with the optimal trading experience, will remain unchanged. For further details, contact [email protected].
BeinMarkets.by is domain owned and operated by Kimbo LLC, a limited liability company incorporated and registered in the Republic of Belarus with company registration number 193295922 and registered office address at 69A-2 Minskaya str., of. 34, Kolodishchi, 223050, Minsk, Republic of Belarus, which is authorized and regulated by the National Bank of Belarus (the “NBB”) and has a special certificate of registration in the National Forex Register of Belarus, issued by the National Bank of Belarus, Certificate No.21 (UIC: 40021) dated March 11, 2020.
The payment processing of Kimbo LLC is handled by its EU subsidiary Leverate (CY) Limited, a limited liability company duly registered and existing under the laws of the Republic of Cyprus, with company registration number HE 288 882, having its registered office address at 116 Gladstonos, M. Kyprianou House, 3rd and 4th Floor, 3032 Limassol, Cyprus. Whereas Paysafe payments (Skrill and Neteller) will be handled by Kimbo LLC
Kimbo LLC currently does not offer its services to users from certain jurisdictions, such as the United States of America, Islamic Republic of Iran, and Democratic People’s Republic of Korea (DPRK).
Trading leveraged products such as Forex and CFDs involves a high degree of risk and may not be suitable for all investors. You must be prepared to sustain a total loss of any funds deposited with us, as well as any additional loses, charges, or other costs we incur in recovering any payment from you. Before deciding to trade the products offered by us, you should carefully consider your objectives, financial situation, needs and level of experience. You should also be aware of all the risk associated with trading on margin.