What are the categories of clients?

Under UK MiFID there are three client types:

  • Retail Clients
  • Professional Clients, which include:
    • clients who are professionals by their nature (per se professional clients); and
    • clients who can be treated as professionals at their own request (opt‑up or elective professional clients).
  • Eligible Counterparties

IBUK does not categorise its clients as eligible counterparties. You will be categorised either as a Retail Client or as a Professional Client.

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Who is categorised as an opt-up (elective) Professional Client?
How can I ask to change my client category?
What is this document and who is it for?
Who is categorised as a Retail Client?