As a professional client you will have access to higher leverage and certain other features not available to retail clients. However, you will not be entitled to specific retail protections including negative balance protection and access to statutory dispute resolution schemes. Full details of eligibility criteria and risks are set out in the Client Disclosure Statement.
If you have any questions regarding professional accounts, please contact our support team via live chat or email at support@phyxtrade.net.

There are two ways to qualify for a Pro Account.

Option 1 – Wealth Test
You are eligible if you meet one of the following criteria:

• Net assets of at least AUD 2,500,000;
• OR
• Gross income of at least AUD 250,000 in each of the last two financial years.

Option 2 – Sophisticated Investor Test
An eligible client is someone who can demonstrate suitability through one of the following channels:
Channel 1 – Knowledge Test and Trading History

• Complete an online knowledge assessment with a minimum ninety percent (90%) pass mark; AND
• Provide evidence of at least seventy-five (75) executed trades in Margin FX or CFDs across indices, commodities, currencies, metals or shares within the past twelve months; or at least fifty (50) significant trades in these products within the past twelve months.

Channel 2 – Relevant Work Experience

• Have at least one year of professional experience in the financial sector in a role requiring knowledge of leveraged derivatives trading, supported by appropriate employment evidence.

Channel 3 – Relevant Formal Qualifications

• Hold a recognised qualification in finance, economics or a related discipline. Postgraduate qualifications such as a degree in finance or applied finance are preferred.

How to Apply for a Professional Account

1. Log in to the PHYXTRADE LTD client portal.
2. Select the option “Apply for Professional Account” from the account settings menu.
3. Provide documented evidence of trading history, professional experience or relevant qualifications, or a certificate of eligibility signed by a qualified accountant.
4. PHYXTRADE LTD will notify you once your account has been approved for professional status.

IMPORTANT INFORMATION FOR WHOLESALE CLIENTS
Retail clients are afforded additional regulatory protections compared with wholesale clients. These protections include:

• Retail leverage restrictions – ASIC product intervention measures for CFDs (such as leverage limits) will not apply to wholesale clients.
• External dispute resolution – AFCA may exercise discretion to exclude complaints from wholesale clients.
• Disclosure documents – Wholesale clients may not receive a Product Disclosure Statement (PDS) or Financial Services Guide (FSG).

Client Money
Client funds remain segregated in accordance with the client money provisions of the Corporations Act 2001 (Cth).

Negative Balance Protection
Wholesale clients may be eligible for limited negative balance protection of up to AUD 10,000 of total account balance. This protection may not apply in cases of misconduct, abusive trading activity or other exceptional circumstances. In such cases, PHYXTRADE LTD will provide written reasons for the non-application of negative balance protection.

Margin Close-Out
Positions will be automatically closed if account equity falls below 50 percent of required margin.

Leverage Settings
Leverage on wholesale accounts may be adjusted automatically based on account equity. For further details please refer to the published leverage schedule. PHYXTRADE LTD is not responsible for losses arising from automatic position closures due to changes in account leverage.

ACCOUNT EQUITY AND MAXIMUM LEVERAGE	ACCOUNT MAX LEVERAGE
Below 50,000 USD	Up to 1:400
50,001 – 100,000 USD	Up to 1:200
100,001 – 200,000 USD	Up to 1:100
200,001 – 300,000 USD	Up to 1:50
300,001 – 500,000 USD	Up to 1:25
500,001 – 1,000,000 USD	Up to 1:20
1,000,001 USD or more	Up to 1:10

Margin Use
Leverage on Pro accounts is automatically adjusted according to account equity. Refer to the leverage schedule for applicable ratios. Clients remain responsible for monitoring margin requirements and for ensuring sufficient funds are maintained. PHYXTRADE LTD accepts no liability for losses resulting from automatic position closures due to changes in leverage.

USED MARGIN AND MAXIMUM LEVERAGE	ACCOUNT MAX LEVERAGE
Below 50,000 USD	1:400
50,001 – 200,000 USD	1:100
200,001 USD	1:50

Illustrative Example
Account Equity: 500,000 USD
Used Margin: 100,000 USD
Applicable Margin: 1:25

Discretionary Rights
PHYXTRADE LTD reserves the right to decline wholesale client status at its discretion even if eligibility requirements have been met.

PHYXTRADE LTD’s Discretion
Even if you meet wholesale client requirements, in some circumstances, we may still choose to not grant you wholesale status.