MIFID Professional

Discussion in 'ETFs' started by joanar, Oct 10, 2021.

  1. joanar


    I am trying to open a trading account for my small business. I am personally designated as a professional client under MIFID. Does the small business need to register separately or is it enough that I am a „professional“? I am asking because if it needs to register separately I would need to make 40 >200k trades in that account.
  2. Robert Morse

    Robert Morse Sponsor

    What asset class and what do you need access to? What makes you a professional client under MIFID? We can offer access to US listed Equities/Options and in some cases futures to EU clients.
  3. joanar


    I need the designation to trade US ETFs. I have my account with IBKR
  4. tonyf


    No, MiFID pro requires a business to meet 2 out of 3 criterias on revenue, assets, etc...

    I am not sure what you mean by small, but most small businesses are exempt.