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
Permanent Residence Poland
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:
Clients who wish to obtain ERC status should be able to provide evidence of at least one of the following:
Clients who have the status of ERC can trade CFDs with the following margin requirements depending on the underlying instrument:
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.
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