Who is categorised as a Retail Client?

A Professional client will lose these two protections afforded to Retail clients under FCA rules:

• The client will not be eligible to seek the services of the Financial Ombudsman Service…

An opt‑up Professional Client (also called an elective professional client) is a client who:

• starts out as a Retail Client;
• asks IBUK in writing to be treated as a Professional Client for all services or just some; and…

This FAQ explains how Interactive Brokers (U.K.) Limited (“IBUK”) categorises its clients under UK MiFID rules. It explains what each client type means. It also explains what protections you may gain or lose if you switch types.

This is most important if you are considering asking to be treated as a …

Under UK MiFID there are three client types:

• Retail Clients
• Professional Clients, which include:…