Experienced Retail Clients

How to Become an ERC

Permanent residents of Poland can apply to receive the status of Experienced Retail Clients (ERC) and be entitled to lower margin requirements for some instrument classes. In order for clients to obtain this status, they must fulfil certain criteria.

Who can be considered as an Experienced Retail Client?

The ERC status can only be assigned to retail clients who legally reside in the Republic of Poland and possess the necessary experience and knowledge of derivatives, including CFDs.

Criteria to determine Experience Retail Client eligibility

Country of
Permanent Residence Poland

Proven experience

In order for clients to be considered as having enough experience to obtain ERC status, they must have carried out one of the following activities within the past 24 months:

  • opening at least 10 transactions in CFDs with a nominal value of at least EUR 50, 000 each per quarter within four quarters; or
  • opening at least 50 transactions in CFDs with a nominal value of at least EUR 10, 000 each per quarter within four quarters; or
  • opening transactions in CFDs with the total nominal value of at least EUR 2,000,000 and the client has concluded at least 40 opening transactions per quarter within four quarters

Knowledge of derivatives, including CFDs

Clients who wish to obtain ERC status should be able to provide evidence of at least one of the following:

  • the client holds appropriate professional certificates (CFA, FRM, PRM, ACI, Investment Advisor (DI), Securities Broker (MPW, etc.)) or has completed relevant specialist education; or
  • the client has completed at least 50 hours of training over the last 12 months on derivatives, including CFDs, confirmed by obtaining the relevant certificates issued after the verification of knowledge by competent entities conducting training sessions; or
  • the client has at least one year of work experience in a position which requires professional knowledge of transactions regarding CFDs or other derivatives

Margin requirements for Experienced Retail Clients

Clients who have the status of ERC can trade CFDs with the following margin requirements depending on the underlying instrument:

  • 1% (leverage 1:100) for all currency pairs, major equity indices (AUS200., EUR50, FRA40, DAX, J225, NASDAQ100, UK100, US30, US500, USTech100), and gold;
  • 10% (leverage 1:10) for commodities other than gold, and non-major equity indices;
  • 20% (leverage 1:5) for individual stocks, ETFs and other reference values;
  • 50% (leverage 1:2) for CFDs on cryptocurrencies

For further information please refer to Client Agreement and Leverage Policy documents.

Apply for ERC status

23 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2022 Teletrade-DJ International Consulting Ltd

Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The company operates in accordance with the Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Teletrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies.

Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Choose your language/location