Types of Account

Please read the descriptions below to see which account will suit you best. If you wish to change your account at a later date, please contact us.

To open a Trader or Limited Risk Account, please apply online below. The process is straightforward, and can be completed in minutes.

Trader account

This account offers the full functionality of PureDeal, including PureDMA, DealThru Charts, Trailing Stops and one-click dealing for faster execution.

You must have sufficient funds in your account to cover any initial deposit requirement. You can also attach Guaranteed or non-Guaranteed stops to your positions if you wish to do so.

With the Trader Account, it is important that you watch your open positions carefully and that you maintain sufficient funds on your account to cover subsequent margin requirements after any running losses. We monitor your open positions and may alert you if further payments are required, but do not guarantee to do so, and may cut back or close your position without notice if you do not maintain the required level of margin.

Limited Risk account

You limit your risk on every position by placing a Guaranteed Stop, for which you pay a one-off premium. With Guaranteed Stops, the maximum amount you can lose is known in advance. You must have sufficient cash in your account to cover the maximum possible loss before you place each trade.

Select account

For experienced traders we also offer the Select Account. This account cannot be opened online.

We will require evidence of liquid funds to open a Select Account and may offer credit facilities at our discretion. Initial margin on major indices and forex pairs are higher on a Select Account than on a Trader Account.

However, you will be given greater flexibility to manage your margin requirements.

If you are interested in this type of account, please open a Trader Account online and then contact our Credit Department on 020 7633 5423 to discuss changing your account type.