Ogee wrote: Fri Jun 10, 2022 9:59 pm Haven't seen the Oz regulators guidlines to brokers on what would be required to allow step up to a pro account. In the UK the FCA stipulate 1 of the 3 conditions to be the person having over £500,000 in saleable assets which was based on how much some lost on the SNB Jan 2015 blackswan event. Most retail clients could not pay so the amounts had to be written off which led to some big broker firms like FXCM going bust. The pro rules mean pro's will pay in a similar event while retail clients now get lower leverage but also negative account balance protection. The low leverage means holding more in your account to cover the margin.