CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Compare Brokers For Becoming an Elective Professional

For our becoming an elective professional comparison, we found 17 brokers that are suitable and accept traders from United States of America.

We found 17 broker accounts (out of 147) that are suitable for Becoming an Elective Professional .


Spreads From

EURUSD 1.0 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies*
  • Indices
  • Commodities
  • Stocks
  • ETFs


  • Regulated by: Financial Conduct Authority.
  • Established in 1999 HQ in United States.


  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

79% of retail investor accounts lose money when trading CFDs with this provider

Read our in-depth review

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data. *Availability subject to regulation.

The Ultimate Guide to

What’s an Elective Professional?

Elective professionals are professional traders who have passed a series of qualitative and quantitative tests proving that they have sufficient trading experience to trade with riskier margin levels.

Since ESMA’s intervention on August 1st 2018 reduced the leverage available to retail traders down to a maximum of 30:1 on major forex pairs and 20:1 on indices, the prospect of becoming an elective professional has increased in popularity as it enables traders to access the same amount of leverage that they previously had access to.

The purpose of ESMA’s ruling was, however, to protect inexperienced retail traders from using high amounts of leverage and taking on more risk than they can handle. As such, it should come as no surprise that not everyone can elect to become a professional trader.

How do I become an elected professional?

Currently, a small number of brokers allow retail traders to apply for an upgrade to elected professional status. Typically, this involves proving to the broker that they have sufficient trading experience and an understanding of the products that they’re trading. This must be validated by a series of qualitative and quantitative tests supplied by the broker.

The brokers listed above are currently some of the few brokers that are offering this service to retail traders.

What is ESMA?

ESMA, or the European Securities and Markets Authority, is an independent EU Authority that safeguards the European Union’s financial systems by protecting investors and promoting good conduct within the financial system.

In January 2018, ESMA implemented the Market in Financial Instruments Directive (MiFID II), which imposed a wide range of additional compliance requirements for brokers to comply with.

Why Choose
For Becoming an Elective Professional? scored best in our review of the top brokers for becoming an elective professional , which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • 19 + years in business
  • Offers 300 + instruments
  • A range of platform inc. MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 1.00pips
  • Used by 0 + traders.
  • Offers demo account
  • 1 languages offers one way to tradeForex . If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc. have a AAA trust score . This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19

Trust Score comparison
Trust Score AAA
Established in 1999
Regulated by Financial Conduct Authority
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of

Want to see how We’ve compared their spreads, features, and key information below.

Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread 1.00
GBP/USD Spread 0.9
USD/CAD Spread 0.9
USD/JPY Spread 0.90
DAX Spread 250.0
FTSE 100 Spread 150.0
S&P500 Spread 50.0

Comparison of account & trading features
Platform MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
Services Forex
Base currency options USD, GBP, EUR
Funding options Bank transfer, Cheque, DebitCard,
Micro account
ECN account