Ok i am Belgian citizen and this is what i recived from my broker
Kindly be advised that due to the new regulations imposed by the Belgian Financial Services and Markets Authority (FSMA), the distribution of CFDs with leverage to Belgian retail Clients will be prohibited as from the 18th of August 2016.
As you are categorized as a retail Client, in order to continue your collaboration with FXTM, you should have the relevant expertise, experience and knowledge to assess the risks of trading in CFDs and proceed with trading as an eligible professional.
FXTM could consider you as an ‘eligible professional’, if you are able to provide proof for two of the three following requirements:
Kindly be advised that due to the new regulations imposed by the Belgian Financial Services and Markets Authority (FSMA), the distribution of CFDs with leverage to Belgian retail Clients will be prohibited as from the 18th of August 2016.
As you are categorized as a retail Client, in order to continue your collaboration with FXTM, you should have the relevant expertise, experience and knowledge to assess the risks of trading in CFDs and proceed with trading as an eligible professional.
FXTM could consider you as an ‘eligible professional’, if you are able to provide proof for two of the three following requirements:
- A statement from any investment firm(s) that you have carried out transactions in significant size in CFDs, of at least 10 lots per quarter over the previous four (4) quarters.
- A statement from any investment firm(s) with which you have a portfolio that exceeds 500,000 Euros.
- A written email confirmation that you have work experience in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services in CFDs.