Some of the instruments we offer may be considered complex. Such instruments can multiply your losses and may not follow the exact price fluctuations of the indices they are designed to represent.
As a result, we have implemented an appropriateness test, as we are obligated to evaluate your knowledge and experience in handling them. 🧐
Which instruments is this applicable to?
- Inversed funds
- Leveraged funds
- Exchange-traded commodities (ETCs)
- Exchange-traded products (ETPs)
Why is this test needed?
We are required to assess the appropriateness of our clients for trading in complex financial products.
For which accounts is the test relevant?
Only for Invest and ISAs.
How do I complete the test?
It will appear when you start placing an order with a complex instrument. Or you can access it in the ‘Portfolio’ tab of the app if you have open positions with such instruments 👇
What if I have an open position with such an instrument?
You will be asked to complete the appropriateness test and will have 3 months to do so. No BUY orders can be submitted after this period unless you complete the test.
What happens if I close the position without completing the test?
You will no longer see the pending test in your Portfolio. However, if you try to open a new position with a complex instrument, the test will appear once again.
What if I don’t have a position with such an instrument and decide to open one?
You will need to complete the test first.
Can I retry the test?
Yes, the test will remain available in your Portfolio tab in the mobile app. If you are yet to open a position and fail the test, it will be shown again upon placing an order with a complex instrument.