Under MiFID II, Robokapital must categorise each client before providing services. This policy explains the categories and how you may request a change.
1. Categories
Retail client. Any client who is not a professional client or eligible counterparty. Retail clients receive the highest level of protection.
Professional client. A client who possesses the experience, knowledge and expertise to make their own investment decisions and properly assess the risks involved, and who meets the criteria set out in MiFID II.
Eligible counterparty. Certain regulated financial institutions and other entities as defined in MiFID II.
2. Default categorisation
Unless we notify you otherwise, you will be categorised as a retail client.
3. Requesting a different categorisation
A retail client may request to be treated as a professional client. We will assess whether at least two of the following criteria are met: significant trading activity over the previous four quarters; a financial instrument portfolio exceeding EUR 500,000; relevant professional experience in the financial sector. We will inform you in writing of the protections you would lose before any change takes effect.
4. Protections that may be lost
Professional clients may not benefit from certain retail protections, including leverage limits, negative balance protection and some information requirements. You may ask to return to retail categorisation at any time.