I, the undersigned client, categorized by Coverdeal Holdings Ltd ("the Company") as a retail client, in accordance with the Company's client categorization policy (link)
and Act 87 (I) / 2017 on the provision of investment services, investment activities and the operation of regulated markets, I request that the company treat me as a professional client.
I have read, understood and agreed to the Company's policy on client categorization with respect to the protection and compensation rights that I may lose, and I am aware of the consequences of the loss.
As part of my application, I request to be treated as a professional client and declare the facts below. I declare that I will provide any additional information or documentation that will be required for the assessment. At the same time, I accept that the company will conduct its own internal assessment.
I undertake to notify the Company immediately of any changes to the information below that may affect this assessment or cause the information herein to be false, incomplete or unusable.
warrant that I/this entity/we satisfy at least two of the three criteria listed below.
Trade size & volume:
Size of portfolio:
*Significant size trades are classified as having concluded transactions with an equivalent value of Eur25,000 per transaction in the case of nonleveraged transactions (equities) or a nominal value of Eur100,000 per transaction in the case of leveraged transactions (for forex, indices and commodities).
**(Acceptable examples of savings and investments: Cash savings, stock portfolio, stocks and shares ISA, trading accounts, mutual funds, SIPP (excluding non-financial instruments). Unacceptable examples of savings and investments: Company pension, non-tradeable assets, property, luxury cars, jewellery.)
Furthermore, I confirm that I wish to be treated as a professional client generally by Coverdeal Limited. I have read and understood the written warning below from Coverdeal Ltd regarding the protections and compensation rights that I may lose, and I am aware of the consequences of losing such protections.
There is no change in the tax status of the client or any additional costs when changing the categorization to a professional client. Professional client money will always be separated from our own money.
As a professional client you will lose the following protection:
- Our communications, including additional information about financial instruments and the risks associated with them, information about the company itself and about costs, commissions, fees and payments that will not be subject to all non-professional regulatory requirements. Eligibility for compensation from the Investor Compensation Fund
Declaration of consent
I agree to the classification as a professional client. I have taken note that this means that I am subject to lower protection provisions compared to private clients.
With my signature I also confirm that I have read and understand the contents of the information provided and that I agree with the points mentioned above.